A Risk Assessment Framework for Airport Development Projects

This paper develops a risk assessment framework for airport development projects. It discusses the major types of inherent development risk, including political risk, environmental risk, financial risk, airline risk, forecast risk, and regulatory or operational risk, and it offers suggestions for risk mitigation strategies. Furthermore, it identifies and analyzes relative risk determinants, which affect the magnitude and type of risk that development projects will likely face. These include the presence of a dominant airline, the airport’s rate structure, the airport’s ownership and operating structure, local demand, and geopolitical events. These factors and their interconnected relationships are illustrated through case studies of relevant airport development projects.

• Record URL:
  • https://doi.org/10.1177/0361198118799710
• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/issn/03611981
• Supplemental Notes:
  • The ACRP Selection Panel for the Graduate Research Award Program on Public-Sector Aviation Issues peer-reviewed this paper (18-01544). © National Academy of Sciences: Transportation Research Board 2019.
• Authors:
  • Hopper, Anna
• Publication Date: 2018-12

Language

• English

Media Info

• Media Type: Web
• Features: References;
• Pagination: pp 35-47
• Serial:
  • Transportation Research Record: Journal of the Transportation Research Board
  • Volume: 2672
  • Issue Number: 29
  • Publisher: Sage Publications, Incorporated
  • ISSN: 0361-1981
  • EISSN: 2169-4052
  • Serial URL: http://journals.sagepub.com/home/trr

Subject/Index Terms

• TRT Terms: Airport operations; Airports; Development; Project management; Risk assessment
• Geographic Terms: United States
• Subject Areas: Aviation; Planning and Forecasting; Terminals and Facilities;

Filing Info

• Accession Number: 01713732
• Record Type: Publication
• Files: TRIS, TRB, ATRI
• Created Date: Aug 13 2019 12:16PM