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FACT SHEET1
GREATER MONCTON
INTERNATIONAL AIRPORT AUTHORITY
- 15th busiest leased airport in National Airports System with over 433,000
passengers.
- 68% savings on rent paid over the life of lease.
Projected Savings Under New Policy
Estimated rent savings under new rent formula:
Close to $5.1 million2 over
the life of lease (to 2057)
Chattels3 payments
forgiven:
$2.2 million from 2007 to 2010
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Rent Projections
|
2006 |
2010 |
2015 |
2020 |
Total2 |
Old Formula |
$0 |
$0 |
$0 |
$1.5 million |
$7.5 million |
New Formula |
$0 |
$0 |
$0 |
$0.3 million |
$2.4 million |
Savings |
$0 |
$0 |
$0 |
$1.2 million |
$5.1 million |
Greater Moncton International Airport Authority Annual
Rent Payments ($000)
![Projected annual savings on Greater Moncton International Airport Authority rent payments from 2004 to 2020 under the new formula as compared to the old formula. The projected annual savings start at $1.1 million upon inaugural rent payment in 2016, and are $1.2 million in 2020.](/web/20071230015952im_/http://www.tc.gc.ca/air/airport-rent/fact/images/moncton.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.
3Chattels are items of tangible personal property
used for the management, operation or maintenance of the premises, which were
sold by Transport Canada to airport authorities at the time of transfer. (N.B.
Items of tangible personal property included such things as furniture, computer
equipment, cars, trucks and snow blowers.)
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