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The evaluation of the economic and financial feasibility of the project requires and identification of both the level and allocation of the benefits and costs of the project, as well as a revenue analysis performed for the various cost centers Both direct and indirect benefits can accrue to the users of the airport and to the community in which the airport is located Generally user benefits include reductions in delay, fuel consumption, time, and other operating and maintenance costs These can usually be derived relative to dollar value Nonuser and community benefits take the form of increased economic activity, rises in employment, and purchases of goods and services These can also be evaluated through classical economic techniques [2, 8, 21] Although it may be possible to justify expenditures from an economic standpoint, it may not be possible to generate or capture the value of these benefits from a revenue viewpoint A revenue analysis seeks to identify the revenue requirements by cost center and the level of revenue required to cover project costs Normally, the costs are allocated to facility users and rents, rate and charges, and concession agreements are negotiated on the principle that all users should pay their fair and proportionate share of the costs of providing, maintaining, operating, and administering the facilities they use Various indices are used to determine the reasonableness of revenue requirements including the percentage of revenue generated which is paid for terminal rents or landing fees, and the revenue required per enplaned passenger A comparison of the bonding capacity of the governmental units concerned with the project is vital in order to determine the influence of the project on other public revenue requirements
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The use of new technology in power generation systems at airports, the efficient layout of apron areas and taxiing routes, improvements in the capacity of runway systems, the installation of navigational aids, and the effective uses of construction materials can substantially reduce the costs and resource use of energy A detailed examination of the impact of airport design elements on energy consumption should be performed Typically comparisons between existing and planned systems, and between alternative systems for proposed facility modifications relative to fuel consumption of aircraft and terminal systems may yield essential information concerning their feasibility and merit
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Though the incentive for the study of environmental, sociological, and ecological factors in the evaluation of engineering projects was initially provided through national, state, and local legislation, the state of the art has evolved to the point that a better and more complete understanding of the short- and long-term implications of these projects is leading to more efficient engineering designs True the costs of planning have increased because of the need to study several criteria in the evaluation of planning proposals, but the potential for the overall reduction in the real costs of these proposals on the longterm requirements of society through the use of comprehensive planning approaches has also been increased
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References
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1 Acoustic Determination of Occupational Noise Exposure and Estimation of NoiseInduced Hearing Impairment, Publication 1999, International Organization for Standardization, Geneva, Switzerland, 1990 2 Airport Environmental Handbook, Order No 50504A, Federal Aviation Administration, Washington, DC, 1985 3 Airport Landscaping for Noise Control Purposes, Advisory Circular AC 150/5320-14, Federal Aviation Administration, Washington, DC, 1978 4 Airport Master Plans, Advisory Circular AC 150/ 5070-6A, Federal Aviation Administration, Washington, DC, 1985 5 Airport Noise: A Guide to the FAA Regulations under the Airport Noise and Capacity Act, Cutler and Stanfield and Harris Miller Miller and Hanson, Inc, Lexington, Mass, January 1992 6 Airport Noise Compatibility Planning, Part 150, Federal Aviation Regulations, Federal Aviation Administration, Washington, DC, 1991 7 Airport Noise Compatibility Study, Greater Pittsburgh International Airport, Aviation Planning Associates, Cincinnati, Ohio, 1986 8 Airport Planning and Environmental Assessment, Notebook Series, 4 Vols, DOT P 56005, Department of Transportation, Washington, DC, 1978 9 Airport Planning Manual, Part 2, Land Use and Environmental Control, 2d ed, Document No 9184-AN/902, International Civil Aviation Organization, Montreal, Canada, 1985 10 Analysis of the Predictability of Noise-Induced Sleep Disturbance, K S Pearsons, D S Barber, and B G Tabachnick, Report No HSD-TR-89-029, US Air Force, Washington, DC, 1989 11 Applied Acoustical Report: Criteria for Assessment of Noise Impacts on People, L S Finegold, C S Harris, and H E Von Gierke, submitted to Journal of Acoustical Society of America, New York, NY, 1992 12 Aviation Noise Effects, S J Newman, Report No FAA-EM-85-2, Federal Aviation Administration, Washington, DC, 1985 13 Building Construction Cost Data, R S Means Company, Inc, Duxbury, Mass 14 Chicago Delay Task Force Technical Report, Vol I: Chicago Airport/Airspace Operating Environment, Landrum and Brown Aviation Consultants, Chicago, Ill, April 1991 15 Citizen Participation in Airport Planning, Advisory Circular AC 150/5050-4, Federal Aviation Administration, Washington, DC, 1975 16 Community Noise, Wyle Laboratories, Report No DOT-NTID3003, Office of Noise Abatement and Control, US Environmental Protection Agency, Washington, DC, 1971
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