The Federal Aviation Administration Airport Benefit-Cost Analysis Guidance (1999) provides a framework for evaluating the economic feasibility of airport development projects funded through federal programs. It outlines standardized procedures for identifying, measuring, and comparing the benefits and costs associated with airport investments such as runway expansions, safety improvements, and capacity enhancements. The guidance emphasizes estimating benefits related to reduced delays, improved safety, operational efficiency, and passenger convenience, while accounting for capital, operating, and maintenance costs. It also explains methods for discounting future costs and benefits to determine net present value and benefit-cost ratios. The document promotes consistent economic evaluation across airport projects to support transparent investment decisions. Overall, the guidance helps policymakers and planners prioritize airport infrastructure projects that generate the greatest economic and operational value.
