1.6
1.7
debt financing.
Projections will be designed to use data
developed by the accounting systems used at Kal. Tak. In
preparing projections account will be taken of the
contemplated pre-operating revenues of the Airport.
•
In preparing revenue projections consultants will consider
anticipated activity at other nearby airports in order to
assess utilisation of Hong Kong as a a stop-over or feeder
point for flights originating elsewhere in the region and
to take account of the likely impact of aggressive
marketing programmes attracting tourist and other traffic
from the Airport.
Historical data for other recently built airports (such as Singapore, Tokyo and Manila) will be reviewed, as
available, to test the assumptions made for the Airport.
Appropriate adjustment factors will be built into the
revenue projections reflecting alternative assumptions so
reached regarding the market position of the Airport in
the South East Asian region.
1.8
Based upon the results achieved under 1.5, 1.6 and 1.7
above, consultants will develop a base case revenue
projection for each major revenue item and an aggregate revenue projection for the Airport as a whole. This will
include income from land or premises within the Airport
subject to the Government's Land Policies. The base case
projections will be used directly in development of a financial plan as described subsequently and as the basis
for sensitivity analyses to be conducted under Task 4.
2
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