The first part of the plan is to increase the paper value of the airport three fold. I guess this means they can borrow more money against the asset. All this money is due to be paid off by the new franchise holder in 2032 as a lump sum. LRT intention is that the new franchise holder then pays a billion or two to double the size of the airport and then also pays a fee for each passenger to the Council. Any change goes to the franchise holder.
I wonder if there is a business case for this approach?
Last edited by LTNman; 29th Jan 2022 at 00:12.