Project Details

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Results Chart for Delivery Method and Financing

Delivery Method

DBFOM All Private Finance
# of Projects: 1
100% of the Results

Background informationProject Created: March 1, 2010

Project Name: Adelaide Int'l Airport Terminal
Year in Operation: 2005
Sector: Transportation
Subsector: Transportation Terminal, Airport
Status: In Operation
Type: New Facility
Description: Design, construction, and long term O&M of new Multi-User Integrated Terminal for Adelaide Int'l Airport, with 75,000 sq. meters of space, two storys, and a mezzanine; and 14 air-bridges linking aircraft directly to the terminal.
Delivery Method as described in the country where it's located: Concession
Is the project still active: Yes
Comments: Adelaide Airport Limited (AAL) operates the Adelaide Airport under a long term 99 year lease from the Commonwealth Government. Design, construction, and long term O&M of a new integrated terminal was a commitment made by AAL to the government in its bid for this concession. The A$260 million facility was financed by AAL, which will recover its investment through Passenger Facility Charges (PFCs).

Project Locations

Address: Andy Thomas Circuit
City: Adelaide Airport
State: South Australia
Country: Australia, Commonwealth of

Address: Andy Thomas Circuit
City: Adelaide
State: South Australia
Country: Australia, Commonwealth of

Souces of Project Support (Non-monetary)

Checkbox Checked Access to Land: Site already controlled by the government prior to the 99-year concession arrangement (lease).
Checkbox Checked Revenue Stream (Cash Flow) Protected Through Long Term Commitment(s) of Public Sponsor(s): Long term contractual commitments between government of South Australia and private operator to provide facilities and services at the Adelaide Airport, as laid out in the concession agreement. Government authorizes operator to assess and collect Passenger Facilities Charges (PFCs), among other revenue streams, to support private sector provision of services at the airport.

Souces of Project Support (Monetary)

Checkbox Checked

From Private Capital Markets Directly to Producers as Debt: Combination of equity from operator and debt. The terminal is one part of broader arrangement to provide airport services, facilities, and O&M by AAL.

Checkbox Checked

From Producers as Equity: Combination of equity from operator and debt. The terminal is one part of broader arrangement to provide airport services, facilities, and O&M by AAL.

Project Delivery & Finance Method

Project Delivery:
All Public Finance. Public Sponsor contracts for initial design, and separately contracts for initial construction. Public Owner operates and maintains the resulting facility.
Is there an independent checking engineer? Yes
Project Finance Method: All By Private Sponsor

Procurement Approach

Project Component
Qualifications
Based Selection
Request for
Qualifications
Request for
Proposals
Invitation
for Bids
Unsolicited
Proposals

Term for Key Components & Forms of Contract

Project Component
Years
Quarters
Combined Term: Initial Design, Construction, O&M Period
99
0
Forms
Description
Other
Concession agreement included requirement to build the new terminal. Private operator responsible to assembling design and construction teams, and for long term O&M of the new facility.  

Project Value (If and As Known)

Date of Estimated Project Value: October 1, 2005
Project Value
Hard Cost
Hard & Soft Costs
Construction
$100-250 Million US
(none)

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