Excerpt from Reauthorization of the Airport Improvement Program and the Passenger Facility Charge Program: Hearings Before the Subcommittee on Aviation of the Committee on Public Works and Transportation, House of Representatives, One Hundred Third Congress, First Session; May 19, May 26, 1993 A consensus has developed that airport development funding from all sources should average $10 billion a year for the next several years to prevent a significant deterioration in the ability of the airport system to move air traffic efficiently due to a lack of capacity to adequately meet demand. Our nation's airport system is already not as efficient as it needs to be. The most recent National Plan of Integrated Airport Systems (npias) finds that 23 major airports are unacceptably congested (more than hours of flight delays per year). And the resulting delays cost our economy billions of dollars a year in lost productivity. Unless capacity at our airports is increased substantially. The number of airports with unacceptable delay will grow to 40 airports by the year 2000. Lack of capacity does not just mean inconvenient delays. It means people have to pay more to get to where they need to go when they want to. Congestion restricts competition among carriers and intensifies unsatisfied demand increasing the value and the price of travelling. Further. In hearings held by the Subcommittee last February on the Financial Condition of the Airline Industry (committee publication number 103-1) a number of expert witnesses testified that one of the principal problems in the industry was a lack of adequate airport infrastructure. In recent years. The overall poor economy and the airlines financial problems have had the perverse effect of alleviating or slackening some of the problems associated with an inefficient and congested airport system. When the economy and the airlines' condition improves. Most analysts and observers expect the slack to be taken up and the negative consequences of airport congestion and inefficiency to manifest themselves again. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.

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This is a print on demand edition of a hard to find publication. Contents: (1) Intro.; (2) Background and Legislative History; (3) Sources of Project Funding for Airports; (4) Airport Improvement Program (AIP): Airport and Airway Trust Fund; AIP Funding and Dist.: Formula and Discretionary Funds; State Block Grant Program; Fed. Share of AIP Matching Funds; Dist. of AIP Grants by Airport Size; Voluntary Airport Low Emissions Grants; (5) Passenger Facility Charges; (6) Funding of Airport Security; (7) Congressional Issues: Airport Capital Needs Assessments; AIP¿s Financial Future Under an Uncertain Budgetary Outlook; Grant Assurances; Privatization; Apportionment and Eligibility Changes; Discretionary Fund Set-Asides; Noise Mitigation; Very Light Jets and Airbus A380; Passenger Facility Charges; Bonding Issues.