(a)
(b)
(c)
13
introduction of a
Passenger Terminal Charge
of $50 (in March 1991 prices) to be levied on each passenger using the airport:
deferral of dividends to the shareholder (the as lenders are time until such Government)
can be made satisfied that such payments without placing at risk the ability of the AA to service its debt obligations; and
deferral by Government of the requirement for air traffic the AA to make payment for
services (see and meteorological
the deferred
control paragraph
above) 13
with
charges to be repaid in full, with interest, this can be done without placing at risk debt service obligations.
as
soon as
Low Case
22.
to order In
in the "base developed less favourable financial purpose of this
the financial
robustness
of the plan
test the
case" Wardley have also modelled a The "low case". scenario or "low case" is to demonstrate the impact on plan for the airport of a number of adverse Those modelled were :
the overall project cost, as
in increase against original budget;
eventualities.
(a)
an
(b)
a delay in the completion of the project;
(c) lower than
revenues expected
from the
disposal of real estate prior to the opening of the airport; and
23.
(a)
lower than expected traffic growth.
In
order
the the
to
adequate support to provide adequate
adverse circumstances, in these
following measures
project cashflows financial analysis suggests that the
would be necessary
a)
provision of additional the day 1991 prices;
of
additional equity by Governrent equity of $8.5 billion at money prices, or $5.9 billion at March