Best Practices of the Economic Development Impact Study of Airports

Best Practices of the Economic Development Impact Study of Airports
Author: Imola Rittgasszer
Publisher:
Total Pages:
Release: 2011
Genre:
ISBN:

Today airports are increasingly becoming full transport junctions. The location of their networks provides strategic benefits, which makes them possible to attract a wide range of economic activities, therefore to operate as new development poles. Nowadays it is widely accepted that the airports of Europe have considerable economic and social impacts on the surrounding regions. These impacts reach much deeper than the direct impacts an airport has on the environment of its operation, since the availability of air services are advantageous both for the regional business interests and for the consumers. Air transport means a fundamental infrastructural background, which facilitates the economic growth of the regions; furthermore, the global accessibility is one of the key factors of being successful in terms of the settlement of business activities and for every region in Europe. The primary aim of the study is the theoretical review of the impacts of airports on economy. In addition, the study makes an attempt to review and analyse the international benchmark examples developed for the analysis of the economic impacts of airports. Based on the international literature, the methods and procedures are identified which are theoretically suitable for the economic impact study of airports. Afterwards, the procedures are selected of which the methodological clarity is suitable to found the empirical study of the impacts of an optional airport on the local economy.

Effective Practices for Preparing Airport Improvement Program Benefit-cost Analysis

Effective Practices for Preparing Airport Improvement Program Benefit-cost Analysis
Author: Steven Richard Landau
Publisher: Transportation Research Board
Total Pages: 78
Release: 2009
Genre: Airports
ISBN: 0309098378

Benefit-Cost Analysis (BCA) aids in making capital investment decisions by determining whether the benefits of a proposed action justify its costs. This synthesis, Effective Practices for Preparing Airport Improvement Program Benefit-Cost Analysis, defines and describes benefit assessment techniques used by airports as well as other modes, highlights best practices, and identifies inconsistencies of how benefits are calculated and where there is confusion in the benefit-cost guidance published by the FAA. The project focused on a review of benefit-cost literature, including benefit-cost analyses submitted to the FAA, and structured interviews with airport managers and other applicants, consultants who prepared BCA studies, and FAA staff. BCA is a tool to aid agencies in project selection and prioritization. At its core, it is a computational tool to determine whether an investment will generate benefits that will exceed its costs. This analysis is accomplished by expressing all current and future benefits and costs on an equivalent basis, which is their present value (PV). A project is economically efficient if it has a positive Net Present Value (calculated as the PV of benefits minus the PV of costs), and hence also a Benefit-Cost Ratio exceeding one.

Guidebook for Developing and Leasing Airport Property

Guidebook for Developing and Leasing Airport Property
Author: Rick Crider
Publisher: Transportation Research Board
Total Pages: 141
Release: 2011
Genre: Business & Economics
ISBN: 0309155568

ACRP report 47 explores issues associated with developing and leasing available airport land and summarizes best practices from the perspective of the airport sponsor. The guidebook includes a diverse set of case studies that show several approaches airports have taken to develop and lease property for both aeronautical uses and non-aeronautical uses. The project that developed the guidebook also produced two presentation templates designed to help airports in effective stakeholder communication regarding developing and leasing airport property. The templates, designed for a non-technical audience, provide content, examples, and definitions for a presentation to community stakeholders. The templates, one for aeronautical use development presentations, and the second for non-aeronautical use development presentations are available only online.