BENEFIT-COST ANALYSIS

PURPOSE:
A Benefit-Cost Analysis (BCA) is mandated by the Federal Aviation Administration for all infrastructure projects to be funded by the Airport Improvement Program (AIP) and costing at least $5,000,000. The benefits of the project must outweigh the costs for the project to receive Discretionary AIP funding. TMG specializes in quantifying the benefits and costs of projects to ensure fair project evaluation in the competition for Discretionary AIP funding.

INPUT & INFORMATION NEEDED:
Provided by Client:
1. Project description
2. Project costs
3. Airport operations forecasts
4. Airport capacity analysis

Provided by TMG:
1. Knowledge of and experience with FAA BCA guidance
2. Elaboration and quantification of benefits including detailed sensitivity analysis of project alternatives

OUTPUT & PRODUCT:
1. BCA report performed in accordance with the FAA’s Benefit-Cost Analysis guidance
2. Assistance to airport in presenting the BCA to FAA and responding to FAA’s questions and comments

USES:
1. Facilitating FAA project funding
2. Educating the public on project impacts

POTENTIAL FUNDING SOURCES:
Eligible cost under AIP and PFC

BENEFIT-COST ANALYSIS CLIENTS:
Richmond International Airport, Houma-Terrebonne Airport, Mobile Regional Airport, and Louis Armstrong New Orleans International Airport

CONTACT:
email: Anthony J. Mumphrey Jr.
Tel: (504) 569-9239, Ex. 26.





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