FACT SHEET1
CALGARY AIRPORT AUTHORITY
-
4th busiest leased airport in National Airports System with
over 7.6 million passengers.
-
62% savings on rent paid over the life of lease.
-
49% savings on rent payments in 2006.
Projected Savings Under New Policy
Estimated rent savings under new rent formula:
$504 million2
over the life of lease (to 2052)
$114 million over the next four years (2006 to
2009)
|
Rent Projections
|
2006 |
2010 |
2015 |
2020 |
Total2 |
Old Formula |
$47 million |
$51 million |
$54 million |
$57 million |
$809 million |
New Formula |
$24 million |
$10 million |
$15 million |
$17 million |
$305 million |
Savings |
$23 million |
$41 million |
$39 million |
$40 million |
$504 million |
Calgary Airport Authority Annual Rent Payments ($000)
![Projected annual savings on Calgary Airport Authority rent payments from 2004 to 2020 under the new formula as compared to the old formula. The projected annual savings start at $23 million in 2006, and are $40 million in 2020](/web/20060212030307im_/https://www.tc.gc.ca/air/airport-rent/fact/images/calgary.gif)
1Note: All figures are estimates based on
Transport Canada modeling using data supplied by airport authorities, and are
subject to change. Actual results may differ from projections.
2Net Present Value, which is the value of the
future stream of rent payments brought back to the present by means of an
appropriate discount rate.
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