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Revolving Funds for Sustainability Projects at Airports
AC205
10321
https://onlinepubs.trb.org/onlinepubs/acrp/acrp_rpt_205.pdf
179614

Revolving Funds for Sustainability Projects at Airports

Airports continually balance demands to improve infrastructure within the realities of available budgets. Green revolving funds (GRFs) offer an alternative approach for investing in projects that generate operational savings. These funds work by tracking verified cost reductions from implemented actions, and then transferring those savings to a reserve that provides capital for future qualified projects such as energy system upgrades.

A number of universities have managed GRFs for over a decade. Municipalities are starting to adopt them as well. ACRP Research Report 205: Revolving Funds for Sustainability Projects at Airports includes several non-airport-related case examples that have managed GRFs and two airport-related case examples. Airports require a modified GRF approach because of financial structures, Federal Aviation Administration (FAA) regulatory requirements, airline agreements, and the wide range of tenant roles.

This ACRP report provides guidance to determine whether this innovative funding approach is suitable for a particular airport and instructions on how to deploy it. Airports that have the ability and determination to launch a GRF will gain a robust method for advancing their sustainability goals.
Project: Project Information
DOI: 10.17226/25567
Project Number: 02-77

E-Newsletter Type: Recently Released TRB Publications    
TRB Publication Type: ACRP Report


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