Focus: Public-Private Partnerships - An Alternative for Addressing Today's Challenges
The pressures on public finances throughout the world are likely to mean that governments will be less able to provide direct funding for airports and other forms of infrastructure. Although whole airport privatization has not taken off in the United States like it has across the world, in one form or another, private capital will continue to be increasingly essential for airports.
Privatization Can Take Many Forms
The term “airport privatization” is often defined narrowly to mean the transfer of an entire airport to private operation or ownership. In fact, private sector involvement at airports can take many forms and has received increasing attention as a means to access private capital, apply private sector techniques to accelerate project delivery and reduce construction costs, secure long-term efficiencies in operation and maintenance, introduce more entrepreneurial ideas about developing nonairline revenues, and depoliticize airport decisions.
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