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PPP Duty Visit to Canada

PPP Duty Visit to Canada. 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. Vancouver International Airport. Brief Description of YVR.

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PPP Duty Visit to Canada

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  1. PPP Duty Visit to Canada 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. Vancouver International Airport Brief Description of YVR • 2nd busiest airport in Canada • Served 16.4 million passengers and handled 223,700 tonnes of cargo in 2005

  3. Vancouver International Airport 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. Vancouver International Airport 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. Vancouver International Airport Why PPP in YVR? • To attain commercial viability

  6. Vancouver International Airport 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. Vancouver International Airport YVR Airport Authority • A community-based, not-for-profit organization • No shareholders

  8. Vancouver International Airport 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. Vancouver International Airport 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. Vancouver International Airport 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. Vancouver International Airport 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. Vancouver International Airport PPP Achievements in YVR • Financial situation of YVR AA in 2005: • Total revenues: Can$352 m • Annual “rent” paid: Can$79 m • Net earning: Can$77 m

  13. Vancouver International Airport PPP Achievements in YVR • Generated 26,700 direct jobs in 2005

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

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

  16. Vancouver International Airport 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. PPP Duty Visit to Canada Canada Place • Overview • Brief Description of Canada Place • Canada Place Corporation (CPC) • The Project • Facilities • Achievements • Future Plans

  18. Canada Place Brief 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

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

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

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

  23. Canada Place The Project • One of the largest integrated use waterfront redevelopment projects • With capital investment • of Can$400 million • Can$160 million from private firms for the hotel, office and commercial facilities

  24. Canada Place 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. Canada Place Facilities • Designed, built and operated by Private Sector: • World Trade Centre • Pan Pacific Hotel

  26. Canada Place Facilities • Owned by CPC: • Vancouver Convention & Exhibition Centre • IMAX Theatre • Citipark • Cruise Ship Terminal

  27. Canada Place 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. Canada Place Facilities • 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

  29. Canada Place 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. Canada Place Facilities • Cruise Ship Terminal: • 3-berth terminal • Conveniently located – only 30-minute drive to YVR

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

  32. Canada Place 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. Canada Place 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. Canada Place Achievements • 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

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

  36. Canada Place Thank You

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