Traditionally, airports have been local authority-owned assets, managed and operated by the public sector, but there has been a global trend toward private sector involvement with varying degrees of ownership and responsibilities, with many larger airports around the globe becoming diversified commercial businesses. Attendees will explore what is driving this trend and how it will affect the future of aviation project delivery.
“There is real potential for growth through P3s, specifically within the aviation industry, and I am excited to share what I’ve learned in working with these partnerships.”
Richard Tregaskes, Faithful+Gould Senior Project Manager
On Wednesday, November 29, Faithful+Gould Senior Project Manager Richard Tregaskes and Washington, D.C. Office Managing Director Tim Hannaway will participate in a panel entitled “How are Airports Determining the Optimal Delivery Model for their Projects?” Richard will speak on the panel, joined by industry colleagues including, Ernst & Young Senior Managing Director Sue Lee, Deputy Mayor for Development for the City of St. Louis Linda Martínez and WASCO Managing Director Michael O’Gorman. Tim will serve as moderator.
Richard shared, “I am looking forward to joining my colleagues at the conference and discuss how P3s can be used to improve the delivery of infrastructure projects. There is real potential for growth through P3s, specifically within the aviation industry, and I am excited to share what I’ve learned in working with these partnerships.”
The panel will cover how P3s are becoming more relevant in the industry in the face of increasing demand for infrastructure updates at airports across the nation. A white paper issued by Airports Council International-North America (ACI) in March 2017 demonstrated a 32 percent increase in airport infrastructure needs since the last ACI-NA estimate released in 2015, accounting for $100 billion in infrastructure needs over the next five years for the nation’s airports.
The panelists will discuss airport assets that could benefit from using a PPP approach to attract investment and support infrastructure needs and the models best suited to deliver those projects. This will include approaches on how to drive value for the airport across all the stakeholders’ interests, from regulators and agencies, to local government, to the end users of the airport.
Click here for more information and to register for the P3 Federal Conference.