ppp duty visit to canada vancouver international airport (yvr) overview brief description of yvr...
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PPP Duty Visit to CanadaPPP Duty Visit to Canada
Vancouver International Airport (YVR)Vancouver International Airport (YVR)
Overview
Brief Description of YVR
Future PPP Development
Why PPP in YVR?
YVR Airport Authority
PPP Arrangements in YVRPPP Achievements in YVR
Vancouver International AirportVancouver International Airport
Brief Description of YVRBrief Description of YVR
2nd busiest airport in Canada
Served 16.4 million passengers and handled 223,700 tonnes of cargo in 2005
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
Vancouver International AirportVancouver International Airport
Brief Description of YVRBrief Description of YVR
Why PPP in YVR?Why PPP in YVR?
To enhance economic development (deficits in the 1980s and early 1990s)
To improve accountability relative to federal operation of YVR
Vancouver International AirportVancouver International Airport
Why PPP in YVR?Why PPP in YVR?
To attain commercial viability
Vancouver International AirportVancouver International Airport
YVR Airport AuthorityYVR 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
Vancouver International AirportVancouver International Airport
A community-based, not-for-profit organization
No shareholders
YVR Airport AuthorityYVR Airport Authority
Vancouver International AirportVancouver International Airport
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
YVR Airport AuthorityYVR Airport Authority
Vancouver International AirportVancouver International Airport
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
YVR Airport AuthorityYVR Airport Authority
Vancouver International AirportVancouver International Airport
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
PPP Arrangements in YVRPPP Arrangements in YVR
Vancouver International AirportVancouver International Airport
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
PPP Arrangements in YVRPPP Arrangements in YVR
Vancouver International AirportVancouver International Airport
Financial situation of YVR AA in 2005:
Total revenues: Can$352 m
Annual “rent” paid: Can$79 m
Net earning: Can$77 mCan$77 m
PPP Achievements in YVRPPP Achievements in YVR
Vancouver International AirportVancouver International Airport
PPP Achievements in YVRPPP Achievements in YVR
Generated 26,700 direct jobs in 2005
Vancouver International AirportVancouver International Airport
Further PPP DevelopmentFurther PPP Development
Allow flexibility to join new initiatives that are important to local region
Example: Vancouver Rapid Transit
Vancouver International AirportVancouver International Airport
Vancouver Rapid Transit
Rapid transit rail link
between Richmond and YVR
Project supported by YVR AA
and 7 other agencies
Further PPP DevelopmentFurther PPP Development
Vancouver International AirportVancouver International Airport
Vancouver Rapid Transit
YVR AA is a funding partner
of the project together with 7
other agencies
Opens by 2009/2010
Further PPP DevelopmentFurther PPP Development
Vancouver International AirportVancouver International Airport
Canada PlaceCanada Place
PPP Duty Visit to CanadaPPP Duty Visit to Canada
Overview
Brief Description of Canada Place
Achievements
Canada Place Corporation (CPC)
The Project
Future Plans
Facilities
Brief Description of Canada PlaceBrief Description of Canada Place
Canada PlaceCanada Place
Located on a pier in the heart of Vancouver City’s harbour front
Originally created in 1986 as the Canadian Parvilion at Expo 86
Government of Canada’s landmark investment in British Columbia
Focal point for tourists and international trade sectors
Attracting several million guests annually
Canada PlaceCanada Place
Brief Description of Canada PlaceBrief Description of Canada Place
Canada Place Corporation (CPC)Canada Place Corporation (CPC)
Created in 1982 to develop the Canada Place Project
A Federal Crown agent
The coordinating landlord for Canada Place facilities
Canada PlaceCanada Place
Canada Place Corporation (CPC)Canada Place Corporation (CPC)
To ensure the facility is:
financially self-sufficient
a centre of economic activity
a national symbol
Canada PlaceCanada Place
Canada PlaceCanada Place
Provides common utilities
Manages property agreements
Coordinates matters of common concern
Responsible for common area security and maintenance
Canada Place Corporation (CPC)Canada Place Corporation (CPC)
The ProjectThe Project
One of the largest integrated use waterfront redevelopment projects
With capital investmentof Can$400 million
Can$160 million from private firms for the hotel, office and commercial facilities
Canada PlaceCanada Place
The ProjectThe 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
Canada PlaceCanada Place
FacilitiesFacilities
Designed, built and operated by Private Sector:
World Trade Centre
Pan Pacific Hotel
Canada PlaceCanada Place
FacilitiesFacilities
Owned by CPC:
Vancouver Convention & Exhibition Centre
IMAX Theatre
Citipark
Cruise Ship Terminal
Canada PlaceCanada Place
FacilitiesFacilities
World Trade CentreDeluxe office building
Pan Pacific Hotel504 room luxury hotel with restaurant, retail and health club amenities
Canada PlaceCanada Place
Both were constructed on property leased from CPC on long-term pre-paid lease arrangements
FacilitiesFacilities
Canada PlaceCanada Place
Vancouver Convention & Exhibition Centre
Western Canada’s largest convention facility
Opened in 1987
Attracts more than 1.5 million visitors each year
Operated by BC PavCo, Province of BC
FacilitiesFacilities
Citipark
770-car 2-level covered garage
Operated by Citipark Inc.
Canada PlaceCanada Place
IMAX Theatre
440-seat theatre
212,000 viewers in 2004
Operated by IMAX Corp
Cruise Ship Terminal:
3-berth terminal
Conveniently located – only 30-minute drive to YVR
FacilitiesFacilities
Canada PlaceCanada Place
Cruise Ship Terminal:
A homeport for Vancouver-Alaska cruise
272 sailings with 910,172 passengers in 2005
FacilitiesFacilities
Canada PlaceCanada Place
Cruise Ship Terminal:
Handles 10,000 disembarking and embarking passengers at one time
Over 7,000 passengers travel under the “US Direct” program
FacilitiesFacilities
Canada PlaceCanada Place
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
FacilitiesFacilities
Canada PlaceCanada Place
AchievementsAchievements
Private sector contributed 40% of total capital investment
Project completed on schedule and within budget
Canada PlaceCanada Place
Businesses there generated over Can$1 billion for local economy each year
Future PlansFuture Plans
Over the next 5 years
An interactive museum
Vibrant music and art festivals
Canada PlaceCanada Place
Canada PlaceCanada Place
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