In the intricate world of airport infrastructure, a new study from the University of Maribor’s Faculty of Economics and Business, led by Robert Rauch, is shedding light on a critical factor that often goes unnoticed: the impact of airport ownership on the construction of passenger terminals. Published in the journal ‘Promet’ (which translates to ‘Traffic’ in English), this research delves into how different ownership models—such as public, private, or public-private partnerships—shape the design and execution of these massive projects.
Rauch’s work underscores the significance of understanding these dynamics, as the choice of ownership can profoundly influence project outcomes. “The way an airport is owned can drastically affect everything from the initial design to the final construction,” Rauch explained. “This isn’t just about who holds the keys; it’s about how decisions are made, how risks are managed, and ultimately, how the terminal serves its passengers.”
The study, which combines extensive literature reviews with real-world case studies and interviews, reveals that public ownership often prioritizes long-term sustainability and community benefits, while private ownership tends to focus on efficiency and profitability. Public-private partnerships, on the other hand, offer a blend of both, but come with their own set of complexities.
One of the most compelling findings is the impact on project management. Private ownership, for instance, often leads to more streamlined decision-making processes, which can accelerate construction timelines. However, this efficiency can sometimes come at the cost of long-term sustainability. Conversely, public ownership might prioritize environmental and social considerations, but could face bureaucratic hurdles that slow down progress.
Rauch’s research also highlights the need for a more nuanced approach to project management in the airport sector. “We need to move beyond one-size-fits-all solutions,” he said. “The ownership model should be tailored to the specific needs and context of each airport. This means considering not just the financial aspects, but also the social, environmental, and operational factors.”
The implications of this research are far-reaching. For the energy sector, which is increasingly intertwined with airport operations, understanding these dynamics could lead to more efficient and sustainable energy management strategies. For instance, airports owned by entities focused on long-term sustainability might be more open to investing in renewable energy sources, while those prioritizing efficiency might look for cost-effective energy solutions.
As airports around the world continue to expand and modernize, Rauch’s work provides a crucial framework for understanding and optimizing these complex projects. By offering a comprehensive assessment model, his research lays the groundwork for future investigations and could shape how airports are built and managed in the years to come. The study, published in the journal Promet (Traffic) in Zagreb, is a significant contribution to the field, providing a roadmap for future research and practical applications.