ACI-NA Capital Needs Survey Shows Airports Need $71.5 Billion over Next Four Years.WASHINGTON -- Airports Council International-North America (ACI-NA) today announced that airport capital development costs will total more than $71.5 billion between 2005-2009, with a yearly average of $14.3 billion. This survey, based on the capital development plans of 81 airports representing 81 percent of the total industry passenger activity, includes the cost of all airside air·side n. The part of an airport directly involved in the arrival and departure of aircraft. airside Noun the part of an airport nearest the aircraft , terminal, and landside land·side n. The flat side of a plow opposite the furrow. landside Noun the part of an airport farthest from the aircraft Noun 1. capital projects, making it the definitive survey of airport development in the industry. The survey's results make clear the challenges airport directors face in building the capacity their communities will need given the recent Federal Aviation Administration Federal Aviation Administration (FAA), component of the U.S. Department of Transportation that sets standards for the air-worthiness of all civilian aircraft, inspects and licenses them, and regulates civilian and military air traffic through its air traffic control (FAA) 2005 forecast that predicts that 717.5 million passengers will take to the skies in 2005, a record level. The FAA also forecasted total passenger enplanements to surpass 1 billion over the next 10 years, which is a 41 percent increase over 2005. "The aviation system has to accommodate record levels of passenger and shipper SHIPPER. One who ships or puts goods on board of a vessel, to be carried to another place during her voyage. In general, the shipper is bound to pay for the hire of the vessel, or the freight of the goods. 1 Bouv. Inst. n. 1030. demands which means it is more important than ever that we have the necessary funding and the tools available to meet airport and system needs," said ACI-NA President Greg Principato. "If we do not make these critical investments, the FAA's Forecast will not be met, service levels will suffer, and the full potential of our aviation system will not be realized," he added. Airport development slowed beginning in early 2001, as a result of the slumping economy and the aftermath of the terrorist attacks of September 11. Passenger enplanements fell 8 percent during this period and as a result, many airports prudently cancelled or postponed capital development projects. Now that record levels of passengers have returned to the skies many critical airside, terminal and landside projects are now going forward. The ACI-NA findings roughly double those of the FAA capital needs estimate, which is $39.5 billion or $7.9 billion average annually. The numbers differ because FAA figures include only projects available for funding from the FAA's Airport Improvement Program. The ACI-NA $71.5 billion figure, in contrast, includes AIP-eligible projects that are funded by other sources, including airport revenue bonds airport revenue bond Tax-exempt debt issued by a city, county, state, or airport authority with debt service guaranteed either by general revenues generated by the airport or by lease payments for facilities used by a particular airline. and proceeds from the collection of Passenger Facility Charges (PFCs). In addition, many airport projects, such as critical terminal and landside projects are not counted by the FAA but are included in the ACI-NA survey results. Highlights of the ACI-NA Capital Needs Survey include: Capital needs by location (terminal, airside, landside); Airfield projects (runways, taxiways, apron); Landside projects (i.e. rental car, parking, roadway, mass transit mass transit, public transportation systems designed to move large numbers of passengers. Types and Advantages Mass transit refers to municipal or regional public shared transportation, such as buses, streetcars, and ferries, open to all on a ); and Aggregate capital needs by airport hub classification (large, medium, small, non-hub, commercial service, reliever, and general aviation). Results from the 2005 ACI-NA survey are consistent with the results of the previous survey conducted in 2003. An executive summary can be found at http://www.aci-na.org/docs/70_CapitalNeedsSummary.pdf and a PowerPoint presentation outlining the findings is located at http://www.aci-na.org/docs/70_CapitalNeedsPPT.pdf. Airports Council International - North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. represents local, regional and state governing bodies Noun 1. governing body - the persons (or committees or departments etc.) who make up a body for the purpose of administering something; "he claims that the present administration is corrupt"; "the governance of an association is responsible to its members"; "he that own and operate commercial airports in the United States List of airports in the United States, grouped by state or territory and sorted by city. Due to the large number of airports in the United States, this page only lists public use airports providing scheduled passenger services with over 10,000 passenger boardings per year and Canada. ACI-NA member airports enplane en·plane also em·plane intr.v. en·planed, en·plan·ing, en·planes To board an airplane. Verb 1. enplane - board a plane emplane more than 95 percent of the domestic and virtually all the international airline passenger and cargo traffic in North America. Over 300 aviation-related businesses are also members of the association, which is the largest of the six worldwide regions of Airports Council International. |
|
Printer friendly
Cite/link
Email
Feedback
Reader Opinion