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Vancouver International Airport (YVR)

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Operated under the provision of a 60-year ground lease with the federal government ... Car parking 26 m. Others 49 m. PPP Arrangements in YVR. Vancouver ... – PowerPoint PPT presentation

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Title: Vancouver International Airport (YVR)


1
Vancouver International Airport (YVR)
  • Overview
  • Brief Description of YVR
  • Why PPP in YVR?
  • YVR Airport Authority
  • PPP Arrangements in YVR
  • PPP Achievements in YVR
  • Future PPP Development

2
Brief Description of YVR
  • 2nd busiest airport in Canada
  • Served 16.4 million passengers and handled
    223,700 tonnes of cargo in 2005

3
Brief Description of YVR
  • Passenger traffic increased by more than 65 and
    cargo increased by about 55 since 1992
  • Growth of passenger traffic and cargo expected to
    continue in 2006

4
Why PPP in YVR?
  • To enhance economic development (deficits in the
    1980s and early 1990s)
  • To improve accountability relative to federal
    operation of YVR

5
Why PPP in YVR?
  • To attain commercial viability

6
YVR Airport Authority
  • Managed and operated by the Airport Authority
    (AA) since 1992
  • Operated under the provision of a 60-year ground
    lease with the federal government

7
YVR Airport Authority
  • A community-based, not-for-profit organization
  • No shareholders

8
YVR Airport Authority
  • Members of the Board of Directors of the YVR AA
  • Government Entities
  • Federal Government of Canada
  • City of Vancouver
  • City of Richmond
  • Greater Vancouver Regional District

9
YVR Airport Authority
  • Members of the Board of Directors of the YVR AA
  • Community Organizations
  • Assoc. of Prof. Engineers and Geoscientists of
    B.C.
  • Institute of Chartered Accountants of B.C.
  • Law Society of B.C.
  • Vancouver Board of Trade

10
PPP Arrangements in YVR
  • No federal funding, subsidies or grants for
    operation or construction of infrastructure of
    YVR required
  • Net earnings are re-invested in airport
    development services improvement
  • Annual rent is paid by YVR AA to the federal
    government
  • Annual rent is composed of base rent plus a
    percentage of gross revenue earned by AA

11
PPP Arrangements in YVR
  • Sources of revenues in 2005 (in Can)
  • Airport improvement fees 89 m
  • Terminal fees 77 m
  • Concessions 60 m
  • Landing fees 50 m
  • Car parking 26 m
  • Others 49 m

12
PPP Achievements in YVR
  • Financial situation of YVR AA in 2005
  • Total revenues Can352 m
  • Annual rent paid Can79 m
  • Net earning Can77 m

13
PPP Achievements in YVR
  • Generated 26,700 direct jobs in 2005

14
Further PPP Development
  • Allow flexibility to join new initiatives that
    are important to local region
  • Example Vancouver Rapid Transit

15
Further PPP Development
  • Vancouver Rapid Transit
  • Rapid transit rail link between Richmond and YVR
  • Project supported by YVR AA and 7 other agencies

16
Further PPP Development
  • Vancouver Rapid Transit
  • YVR AA is a funding partner of the project
    together with 7 other agencies
  • Opens by 2009/2010

17
Canada Place
  • Overview
  • Brief Description of Canada Place
  • Canada Place Corporation (CPC)
  • The Project
  • Facilities
  • Achievements
  • Future Plans

18
Brief Description of Canada Place
  • Located on a pier in the heart of Vancouver
    Citys harbour front
  • Originally created in 1986 as the Canadian
    Parvilion at Expo 86

19
Brief Description of Canada Place
  • Government of Canadas landmark investment in
    British Columbia
  • Focal point for tourists and international trade
    sectors
  • Attracting several million guests annually

20
Canada Place Corporation (CPC)
  • Created in 1982 to develop the Canada Place
    Project
  • A Federal Crown agent
  • The coordinating landlord for Canada Place
    facilities

21
Canada Place Corporation (CPC)
  • To ensure the facility is
  • financially self-sufficient
  • a centre of economic activity
  • a national symbol

22
Canada Place Corporation (CPC)
  • Provides common utilities
  • Manages property agreements
  • Coordinates matters of common concern
  • Responsible for common area security and
    maintenance

23
The Project
  • One of the largest integrated use waterfront
    redevelopment projects
  • With capital investment
  • of Can400 million
  • Can160 million from private firms for the hotel,
    office and commercial facilities

24
The Project
  • The overall design of the complex was coordinated
    among the different parties
  • The public and private sectors each responsible
    for their different parts of the overall project

25
Facilities
  • Designed, built and operated by Private Sector
  • World Trade Centre
  • Pan Pacific Hotel

26
Facilities
  • Owned by CPC
  • Vancouver Convention Exhibition Centre
  • IMAX Theatre
  • Citipark
  • Cruise Ship Terminal

27
Facilities
  • World Trade Centre
  • Deluxe office building
  • Pan Pacific Hotel
  • 504 room luxury hotel with restaurant, retail and
    health club amenities
  • Both were constructed on property leased from CPC
    on long-term pre-paid lease arrangements

28
Facilities
  • Vancouver Convention
  • Exhibition Centre
  • Western Canadas largest convention facility
  • Opened in 1987
  • Attracts more than 1.5 million visitors each year
  • Operated by BC PavCo, Province of BC

29
Facilities
  • IMAX Theatre
  • 440-seat theatre
  • 212,000 viewers in 2004
  • Operated by IMAX Corp
  • Citipark
  • 770-car 2-level covered garage
  • Operated by Citipark Inc.

30
Facilities
  • Cruise Ship Terminal
  • 3-berth terminal
  • Conveniently located only 30-minute drive to YVR

31
Facilities
  • Cruise Ship Terminal
  • A homeport for Vancouver-Alaska cruise
  • 272 sailings with 910,172 passengers in 2005

32
Facilities
  • Cruise Ship Terminal
  • Handles 10,000 disembarking and embarking
    passengers at one time
  • Over 7,000 passengers travel under the US
    Direct program

33
Facilities
  • Cruise Ship Terminal
  • 10-year contract to Cerescorp Company for dock
    and terminal operation
  • Ensuring smooth passenger flow between the Cruise
    Ship Terminal and YVR

34
Achievements
  • Private sector contributed 40 of total capital
    investment
  • Project completed on schedule and within budget
  • Businesses there generated over
  • Can1 billion for local economy each year

35
Future Plans
  • Over the next 5 years
  • An interactive museum
  • Vibrant music and art festivals

36
Canada Place
Thank You
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