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RCED-92-285R 1 (1992-09-14)

handle is hein.gao/gaobackdg0001 and id is 1 raw text is: GA''11 c-o AI\ United States (AO L~ General Accounting Office Washington, D.C. 20548 Resources, Community, and Economic Development Division B-245556 147700 September 14, 1992 The Honorable William Lehman Chairman Subcommittee on Transportation Committee On Appropriations House of Representatives The Honorable Lawrence Coughlin Ranking Minority Member Subcommittee on Transportation Committee on Appropriations House of Representatives The Honorable Bob Carr House of Representatives The Honorable Frank R. Wolf House of Representatives The purpose of this letter is to provide the Subcommittee with the results of our review of the progress of the new Denver airport. Last year, in response to requests from Representatives Bob Carr and Frank Wolf, we examined a number of issues regarding the new Denver International Airport, including weather, soil conditions, capacity impacts, and financial viability. Our report entitled New Denver Airport: Safety, Construction, Capacity. and Financing Considerations (GAO/RCED-91-240, Sept. 17, 1991) concluded that (1) weather conditions at the site do not increase aircraft safety hazards; (2) soil conditions at the new airport site are common throughout the Denver region, and airport officials are using appropriate design and construction methods; (3) the new airport should significantly reduce flight delays at Denver, but the effect on systemwide delays was unclear; and (4) although uncertainties existed, the city's financial assumptions for the new airport were reasonable and the probability was low that the airport would be unable to generate sufficient revenues to meet operating expenses and service its debt. Our report cautioned that while the project was close to being on schedule and was under budget, construction was in GAOIRCED-92-285R New Denver Airport Followup

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