Introduction the federal government supports the development of airport infrastructure in three different ways first the airport improvement program aip provides federal grants to airports for planning and development mainly of capital projects related to aircraft operations such as runways and taxiways. Larger airports large and medium hubs obtained more than half of their capital development funding from airport generated net income while smaller airports small and non hubs and general aviation airports relied on aip grants for 69 percent of their funding. Pursuant to a congressional request gao assessed airports capacity to finance their future development focusing on 1 how much airports of various sizes are spending on capital development and where the money is coming from 2 whether current funding levels will be sufficient to meet capital development planned for the 5 year period from . This report answers the following questions about airports capital development projects 1 how much are airports of various sizes spending on capital development and where is the money coming from. Airports to find new and alternative funding sources such as economic development grantsagency and private funding is increasing to complete projects on schedule to meet the timely demands of user s
How it works:
1. Register a Free 1 month Trial Account.
2. Download as many books as you like ( Personal use )
3. No Commitment. Cancel anytime.
4. Join Over 100.000 Happy Readers.
5. That's it. What you waiting for? Sign Up and Get Your Books.