FACT SHEET1
WINNIPEG AIRPORTS AUTHORITY
- 8th busiest leased airport in National Airports System with over 2.6 million
passengers.
- 51% savings on rent paid over the life of lease.
Projected Savings Under New Policy
Estimated rent savings under new rent formula:
$83.0 million2 over the
life of lease (to 2057)
$4.8 million over the next four years (2006 to
2009)
|
Rent Projections
|
2006 |
2010 |
2015 |
2020 |
Total2 |
Old Formula |
$3.92 million |
$6 million |
$10 million |
$17 million |
$164 million |
New Formula |
$3.89 million |
$4 million |
$ 5 million |
$ 6 million |
$ 81 million |
Savings |
$0.03 million |
$2 million |
$ 5 million |
$11 million |
$ 83 million |
Winnipeg Airports Authority Annual Rent Payments
($000)
![Projected annual savings on Winnipeg Airports Authority rent payments from 2004 to 2020 under the new formula as compared to the old formula. The projected annual savings start at $30,000 in 2006, and are $11 million in 2020.](/web/20071230015919im_/http://www.tc.gc.ca/air/airport-rent/fact/images/winnipeg.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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