Revolving Funds for Sustainability Projects at Airports

While there are several potential sources for funding airport sustainability projects (capital budget, utility rebates and subsidies, and competitive grants such as FAA’s VALE program), these sources each have challenges in terms of use and availability. An innovative approach to address these challenges could be to establish and make use of a revolving fund for sustainability projects tailored to airports.  Through the use of this approach, airports will have the ability to track savings or revenues from other capital projects and apply those benefits to new sustainability projects. The airport could then leverage those financial benefits into flexible, self-financing opportunities for future sustainability projects.   The objective of this research is to develop guidance for airports to establish and make use of a dedicated revolving fund for sustainability projects.    This guidance should include: (1) A minimum of five case studies of revolving funds for sustainability projects that are in place. They can include domestic or international airports and other industries. Include how the applicable revolving funds would be transferable to U.S. airports; (2) Description of potential funding sources and mechanisms for the revolving fund; (3) Development of a process flow diagram(s) that identifies the key decision-making steps necessary to establish and make use of the revolving fund; (4) Description of effective performance tracking mechanism(s); and (5) Education and engagement approaches and tools for internal and external stakeholders to achieve consensus.  Consider the following in developing the guidance: FAA regulations and funding requirements; Relevant accounting standards and applicability to airports; Impacts of rates and charges methodologies and the various types of lease and use agreements; Airport governance models; and Scalability for various sizes and types of airports.

Language

  • English

Project

  • Status: Completed
  • Funding: $350000
  • Contract Numbers:

    Project 02-77

  • Sponsor Organizations:

    Airport Cooperative Research Program

    Transportation Research Board
    500 Fifth Street, NW
    Washington, DC    20001

    Federal Aviation Administration

    800 Independence Avenue, SW
    Washington, DC  United States  20591
  • Project Managers:

    Schatz, Theresia

  • Performing Organizations:

    Rocky Mountain Institute

    Boulder, CO  United States 
  • Principal Investigators:

    Klauber, Adam

  • Start Date: 20170605
  • Expected Completion Date: 20190205
  • Actual Completion Date: 20190205
  • Source Data: RiP Project 40985

Subject/Index Terms

Filing Info

  • Accession Number: 01606904
  • Record Type: Research project
  • Source Agency: Transportation Research Board
  • Contract Numbers: Project 02-77
  • Files: TRB, RiP
  • Created Date: Jul 30 2016 1:01AM