In the context of an ALP, what does "near term" indicate?

The concept of "near term" in the context of an Airport Master Plan (ALP) typically refers to projects that are considered ready for decision or action but do not have a specific timeline attached to them. It suggests that these projects are well-defined and can be acted upon as resources allow, although they are not bound to an immediate deadline. This allows stakeholders to focus on feasible actions that can be taken in the near future without the necessity of hurried execution.

The distinctions of other options lie in their implications of immediate action or completion. A project being fully funded implies that financing is secured, which may not necessarily mean that the project is ready for decision or ripe for action. Prioritizing a project for immediate review suggests an urgency that conflicts with the more flexible interpretation of "near term." Lastly, a project that is completed and ready for implementation no longer falls under the "near term" category, as it indicates an advance beyond the planning stage into execution.