Revolving Funds for Sustainability Projects at Airports (2019) / Chapter Skim
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Pages 44-49
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From page 44... ...
44 Once investments are being made and new equipment is in place, performance needs to be tracked. Managers of the GRF will need to monitor individual projects, and periodically assess how the entire GRF is functioning to make improvements as necessary.
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Phase 3: Operations -- GRF Project Implementation and Ongoing Management 45 that involve upgrading infrastructure that is already in place without any impacts to land (e.g., swapping out an indoor boiler unit) will likely fall under a CE designation.
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46 Revolving Funds for Sustainability Projects at Airports streamline this process. Projects may also be identified from previously existing lists, such as a deferred maintenance list.
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Phase 3: Operations -- GRF Project Implementation and Ongoing Management 47 5.2 Step 9: Track, Analyze, and Assess Performance Once the fund is operating, tracking the performance of individual projects and the entire GRF portfolio over time is the next important step. First, determine the selected method to be used to measure savings from individual projects (see Appendix D)
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From page 48... ...
48 Revolving Funds for Sustainability Projects at Airports An airport could realize a best of both worlds approach in which the loan approval and repayment schedule are based on estimated savings, but M&V is then performed to verify that the project is functioning according to projections. Other airports might prefer to perform both upfront and retroactive M&V on larger projects and use project specifications and engineering estimates for smaller ones.
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From page 49... ...
Phase 3: Operations -- GRF Project Implementation and Ongoing Management 49 • Have all stakeholders in the GRF process been formally incorporated? – If all GRF stakeholders identified in the charter are not involved in fund management, make a plan to incorporate them.
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