Vancouver International Airport (YVR)

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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

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Brief Description of YVR

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

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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

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Why PPP in YVR?

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

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Why PPP in YVR?

• To attain commercial viability

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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

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YVR Airport Authority

• A community-based, not-for-profit organization
• No shareholders

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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

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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

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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

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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

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PPP Achievements in YVR

• Financial situation of YVR AA in 2005

• Total revenues Can352 m
• Annual rent paid Can79 m
• Net earning Can77 m

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PPP Achievements in YVR

• Generated 26,700 direct jobs in 2005

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Further PPP Development

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

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Further PPP Development

• Vancouver Rapid Transit

• Rapid transit rail link between Richmond and YVR
• Project supported by YVR AA and 7 other agencies

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Further PPP Development

• Vancouver Rapid Transit

• YVR AA is a funding partner of the project
  together with 7 other agencies
• Opens by 2009/2010

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Canada Place

• Overview

• Brief Description of Canada Place

• Canada Place Corporation (CPC)

• The Project

• Facilities

• Achievements

• Future Plans

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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

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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

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Canada Place Corporation (CPC)

• Created in 1982 to develop the Canada Place
  Project
• A Federal Crown agent
• The coordinating landlord for Canada Place
  facilities

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Canada Place Corporation (CPC)

• To ensure the facility is

• financially self-sufficient
• a centre of economic activity
• a national symbol

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Canada Place Corporation (CPC)

• Provides common utilities
• Manages property agreements
• Coordinates matters of common concern
• Responsible for common area security and
  maintenance

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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

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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

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Facilities

• Designed, built and operated by Private Sector

• World Trade Centre
• Pan Pacific Hotel

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Facilities

• Owned by CPC

• Vancouver Convention Exhibition Centre
• IMAX Theatre
• Citipark
• Cruise Ship Terminal

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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

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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

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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.

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Facilities

• Cruise Ship Terminal

• 3-berth terminal
• Conveniently located only 30-minute drive to YVR

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Facilities

• Cruise Ship Terminal

• A homeport for Vancouver-Alaska cruise
• 272 sailings with 910,172 passengers in 2005

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Facilities

• Cruise Ship Terminal

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

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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

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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

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Future Plans

• Over the next 5 years

• An interactive museum
• Vibrant music and art festivals

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Canada Place
Thank You