Transport i lotnictwo · 24.06.1997

Policy and Guidance Regarding Benefit Cost Analysis for Airport Capacity Projects Requesting Discretionary Airport Improvement Program Grant Awards and Letters of Intent

The Federal Aviation Administration (FAA) is issuing interim guidance for conducting airport benefit cost analysis (BCA) for capacity projects using Airport Improvement Program (AIP) grants or Letters of Intent (LOI). The FAA is also modifying in two ways its policy requiring BCAs for capacity projects when applying for AIP grants or LOIs awarded for capacity projects at the discretion of the Secretary of Transportation. These modifications are (1) To clarify that it is the airport sponsors who are required to prepare and submit BCAs and (2) to lower the threshold of expected cost, above which BCAs are required, from $10 million to $5 million. The objective is to improve the effectiveness of AIP investments in meeting capacity needs of the national airport system. For all projects for which airport sponsors seek $5 million or more in AIP capacity discretionary funds, a completed BCA must accompany the application for grants commencing in Fiscal Year 1998. With regard to LOIs, a BCA must be completed for any request for a LOI to be issued in Fiscal Year 1997 and thereafter. The interim guidance follows the general structure used for all benefit cost assessments but has been extensiv