Airport Business - 24

COVER STORY
and this broad set of benef its for
all stakeholders is what makes this
an appealing investment. For the
rental car industry, the project will
give them a brand-new facility at
Newark with state-of-the-art quick
turnaround (QTA) operations which
will improve operational efficiencies
for the entire industry. The facility's
location and walkability from the
airport terminal will also improve
rental car competitiveness versus taxis
and rideshares.
The Port Authority will benefit
by gaining a piece of critical aviation
infrastructure without needing to use
their own balance sheet to finance
construction and can reduce airport
curbside congestion by consolidating
existing rental car operations.
"The project equity and debt
investors can benefit through exposure
to rental car demand at a gateway city
airport which we believe can deliver an
attractive return on their invested capital
over the long term," he said. "Finally,

P3 FINANCING CAN BE
APPLIED TO MOST ANY
ASPECT OF THE AIRPORT
AS LONG AS A CREDITWORTHY COUNTERPARTY IS
SIGNING THE CONCESSION.
EWR passengers will be given greater
and easier access to rental cars which
expands their overall choice of ground
transportation options."
Bell said the returns are competitive
on the Newark project relative to an
availability-based P3 projects. Conrac
Solutions has a very strong relationship
with rental car companies, which also
made it appealing.
"You can rarely compete with those
because from a risk-return profile

perspective, the risk is very low because
all you have to do is build the asset and
make sure it's available for use," he said.
Bell said municipal bonds offer
lower cost access to money than those
offered via a P3 investment, but it offers
an opportunity for private capital to take
on risk and cushion for cost over runs
and other obstacles.
"If people have a lot of other projects
at the go and don't have a lot of time or
want to insure themselves and get the

COMMANDER
30i

jbtc.com/aerotech
GREAT RELIABILITY | EASY TO OPERATE | EASY TO MAINTAIN
AviationPros.com/10746968

AviationPros.com/10131811

24 \ AIRPORTBUSINESS / AUGUST | SEPTEMBER 2020


http://ezliner.com http://www.jbtc.com/aerotech http://www.AviationPros.com/10746968 http://www.AviationPros.com/10131811

Airport Business

Table of Contents for the Digital Edition of Airport Business

Inside the Fence: Statistically Speaking...
Industry Update
The FBO Customer Experience Beyond COVID-19
Switching Seats: COVID-19's Impact on the Terminal
Data Security and Privacy at Commercial Airports
A Private Affair
Creating Quality Customer Service
Designing the 'Airport of the Future'
Will Peer-to-Peer Car Sharing be the Next Disruptor?
An Airport Takes Off
Totally Boggus: Clearing the Air
Proactive Technology Strategies for Airlines to Succeed Post COVID-19
Looking to Upgrade Your Sustainability Practices? Ask These Questions First
Product Profile: Runway Reliability - Stable Soils Make the Difference
Airport Business - 1
Airport Business - 2
Airport Business - 3
Airport Business - 4
Airport Business - 5
Airport Business - Inside the Fence: Statistically Speaking...
Airport Business - 7
Airport Business - Industry Update
Airport Business - 9
Airport Business - The FBO Customer Experience Beyond COVID-19
Airport Business - 11
Airport Business - Switching Seats: COVID-19's Impact on the Terminal
Airport Business - 13
Airport Business - 14
Airport Business - 15
Airport Business - 16
Airport Business - 17
Airport Business - Data Security and Privacy at Commercial Airports
Airport Business - 19
Airport Business - A Private Affair
Airport Business - 21
Airport Business - 22
Airport Business - 23
Airport Business - 24
Airport Business - 25
Airport Business - Creating Quality Customer Service
Airport Business - 27
Airport Business - Designing the 'Airport of the Future'
Airport Business - 29
Airport Business - Will Peer-to-Peer Car Sharing be the Next Disruptor?
Airport Business - 31
Airport Business - An Airport Takes Off
Airport Business - 33
Airport Business - 34
Airport Business - Totally Boggus: Clearing the Air
Airport Business - Proactive Technology Strategies for Airlines to Succeed Post COVID-19
Airport Business - 37
Airport Business - Looking to Upgrade Your Sustainability Practices? Ask These Questions First
Airport Business - 39
Airport Business - Product Profile: Runway Reliability - Stable Soils Make the Difference
Airport Business - 41
Airport Business - 42
Airport Business - 43
Airport Business - 44
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