BUSINESS APPROACH REFINEMENTS
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VALUE DRIVERS ANALYTICAL TESTING AND REFINEMENT
IMPACT
Traffic forecasts
·
Estimated traffic growth as affected by:
Global economic growth Traffic Diversion
-
Traffic forecast unchanged
Aeronautical charges
Concession valuation
Real estate development
Capital costs
Compared proposed aeronautical charges with charges imposed by other airports
Established "mixed" concession philosophy that envisions strong role for the private sector without compromising airport strategic flexibility
Examined various real estate developments that could be realistically built on the airport island
Assessed impact on capital costs of various physical design options
Estimated magnitude of possible cost overruns
Operating costs
Examined likely operating cost behavior
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Proposed aeronautical charges are comparable with other airports
Identified opportunities to extract more value for certain activities
– Identified significant value
that can be created from real estate development
Identified savings possible through low-cost modular: approach
Quantified risk of capital cost
overruns
Lowered operating cost
growth rates