ppp duty visit to canada vancouver international airport (yvr) overview brief description of yvr...

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


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


Why PPP in YVR?Why PPP in YVR?

To attain commercial viability


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


A community-based, not-for-profit organization

No shareholders



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



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



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


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


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


PPP Achievements in YVRPPP Achievements in YVR

Generated 26,700 direct jobs in 2005


Further PPP DevelopmentFurther PPP Development

Allow flexibility to join new initiatives that are important to local region

Example: Vancouver Rapid Transit


Vancouver Rapid Transit

Rapid transit rail link

between Richmond and YVR

Project supported by YVR AA

and 7 other agencies



Vancouver Rapid Transit

YVR AA is a funding partner

of the project together with 7

other agencies

Opens by 2009/2010



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


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


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



To ensure the facility is:

financially self-sufficient

a centre of economic activity

a national symbol



Provides common utilities

Manages property agreements

Coordinates matters of common concern

Responsible for common area security and maintenance


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


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


FacilitiesFacilities

Designed, built and operated by Private Sector:

World Trade Centre

Pan Pacific Hotel


http://vancouver.panpacific.com/index.shtml


Owned by CPC:

Vancouver Convention & Exhibition Centre

IMAX Theatre

Citipark

Cruise Ship Terminal



World Trade CentreDeluxe office building

Pan Pacific Hotel504 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

http://vancouver.panpacific.com/index.shtml



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


Citipark

770-car 2-level covered garage

Operated by Citipark Inc.


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




A homeport for Vancouver-Alaska cruise

272 sailings with 910,172 passengers in 2005




Handles 10,000 disembarking and embarking passengers at one time

Over 7,000 passengers travel under the “US Direct” program




10-year contract to Cerescorp Company for dock and terminal operation

Ensuring smooth passenger flow between the Cruise Ship Terminal and YVR



AchievementsAchievements

Private sector contributed 40% of total capital investment

Project completed on schedule and within budget


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


ppp duty visit to canada vancouver international airport (yvr) overview brief description of yvr...

Documents

yvr project

canada place project

yvr ppp achievements

vancouver rapid transit

airport authority aa

canada place ppp duty

yvr aa community organizations

airport improvement