2022 Sustainability Report - Building a Sustainable Future
Valuable Concessions and O&M Portfolio
Bermuda L.F. Wade International Airport
Passenger departures, billions per
year
maintenance concession to 2047
50.1% equity ownership
and concession
New terminal opened in
December 2020
30-year operations and
22%
12
10
6
4
2
0
Global Air Passenger Departure Forecast
2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Passenger
Level
Forecast
(December
2022)
2021 DFNI Americas Award
for the Most Supportive
Approach to Retail for
Skyport*
2021 CCPPP Award for
Innovations and Excellence
in P3s &
Historical
Passenger
Level
2021 Best Airport by Size
and Region (under 2 million
passengers per year in Latin
America and Caribbean) #
Canadian LRTS
•
30-year maintenance concessions on
Eglinton, Finch and Waterloo LRTS
Availability-based payments with
revenue risk mitigated by provincial
transit counterparties
Experienced team currently bidding on
other Canadian transit projects
GO On-Corridor Works
25-year operations & maintenance
agreement in development for the GO
Rail Expansion project in Ontario
Decarbonization project involving
electrification of system, new vehicle
fleet and enhanced service
Gordie Howe
International Bridge
•
•
30-year operations and
maintenance concession
Availability-based payments with
revenue risk mitigated by Canadian
Federal Government
Oneida Energy Storage
Facility
International Airport with
exclusive rights to serve all
commercial, private and
cargo air traffic in Bermuda
Majority of revenue generated
through regulated, fixed fee
mechanism, adjusted to inflation;
downside protection via
Minimum Revenue Guarantee
Stable domestic and
corporate travel base with
less than 50% of traffic
linked to tourism specifically
•
20-year agreement with IESO (with
additional 5 years of uncontracted
revenue) for electricity storage services
Availability-based payments for capacity
services, as well as revenue from energy
sold into Ontario electricity grid and
operating reserve
^ Source: www.iata.org
ACCON
Skyport is responsible for the Bermuda L.F. Wade International Airport's operations, maintenance and commercial functions and is 50.1% owned by Aecon Concessions.
& Canadian Council for Public-Private Partnerships (CCPPP)
#Awarded by Airport Council International (ACI) World
* CC&L Infrastructure acquired a 49.9% interest in the concessionaire, which closed in Q3 2023. Aecon Concessions retains the management contract for the airport and joint control of Skyport with a 50.1% retained interest.
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