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AAAE Releases New Guide To Managing Capital Improvement Programs

The American Association of Airport Executives’ (AAAE) Airport Consortium on Transformation (ACT) has released new research detailing the most effective ways to manage airport Capital Improvement Programs (CIPs). 

Containing research by investment and consulting firms Loop Capital Markets, Ramirez & Co., RS&H, and Steer, the white paper details proven strategies for project management, stakeholder engagement, governance, scoping, and debt affordability analysis.

“This paper is a valuable collection of the current capital planning and management practices at airports, which can be used as a guide by airport managers in their decision-making process as they evaluate their own capital investment needs,” said Los Angeles World Airports chief financial officer Tatiana Starostina. “I am grateful to all the participants and the AAAE ACT program for this contribution to the airport industry and the airport finance community.” 

“With the North American airport industry facing a great need for investment and improvement, this is an opportune time to consider how airport finance professionals can plan, monitor, and execute transformational capital programs,” added Steer associate Ian Sample. “This guide will be a valuable tool for emerging and established airport finance teams as they face the projects in front of them.”