Evaluating and Implementing Airport Privatization and Public-Private Partnerships (2021) / Chapter Skim
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Pages 6-10
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From page 6... ...
6 This guidebook expands upon research presented in ACRP Report 66: Considering and Evaluating Airport Privatization (Ernico et al., 2012)
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Introduction 7 candidates for the AIPP, the process typically focuses more on monetizing existing assets than project development, and the procedures are highly proscribed with strong technical support available from the FAA's Office of Airport Compliance and Management Analysis. Overview of the Research Approach This guidebook focuses on the concepts and methods applied by public agencies to successfully execute P3 transactions.
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8 Evaluating and Implementing Airport Privatization and Public-Private Partnerships this, the research approach focused on "evergreen" principles that apply to nearly any P3 but includes branches for several likely directions depending on the details of the project being delivered.
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Introduction 9 For this research, a P3 is defined as a private operator having responsibility for at least two of the following: • Design and construction of a project; • Operations of the facility developed; and/or • Providing financing with the expectation of repayment over time through project revenue or availability payments from the airport owner. Financing that is expected to be repaid at completion is not included in this definition.
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