Kelowna International AirportKelowna International Airport2010 Development Program2010 Development Program

September 17, 2007September 17, 2007

2010 DEVELOPMENT PROGRAM

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Passenger Growth ForecastPassenger Growth Forecast

FORECAST ASSUMPTIONSFORECAST ASSUMPTIONSMEDIUM RANGE FORECAST BASED ON 4.3% ANNUAL PASSENGER GROWTHMEDIUM RANGE FORECAST BASED ON 4.3% ANNUAL PASSENGER GROWTH

REFERENCE: 2025 MASTER PLANREFERENCE: 2025 MASTER PLAN

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Ground AccessGround Access

1.Twin Airport Way Outbound

1.Install Double Left Turns at Highway 97 South Bound

1.Install Advanced Left Turn Signal On Highway 97

1.Expand Bus Parking To Accommodate 6 Full Size Highway/Municipal Buses

Estimated Cost $1,000,000

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Vehicle ParkingVehicle Parking1. Increase Paved Vehicle Parking From 2,200 Stalls to

2,500 Stalls

1. Expand Short Term Parking from 320 to 600 Stalls

1. Increase Employee Parking From 170 Stalls to 250 Stalls

1. Develop Demand Management Strategy for 2010

1. Develop 1,000 stall gravel peak period overflow parking area

Estimated Cost $2,000,000

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Car RentalsCar Rentals1. Build New Car Rental Terminal North Of Existing Air

Terminal

1. Provide Covered Ready Parking For 75 Vehicles Adjacent To New Car Rental Terminal

1. Expand Long Term Car Rental Parking By 80 Stalls

Estimated Cost $2,000,000

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Air Terminal BuildingAir Terminal Building1. Build New 250 Passenger International Arrivals Area

1. Design New International Arrivals So That The Baggage Carousel Can Be Used For Domestic Arrivals

1. Convert Existing International Arrivals Area To Domestic Arrivals

1. Add Loading Bridges To Gate #6 & Gate #8

1. Expand Departure Room To Accommodate 680 Passengers Per Hour

1. Add Concessions To Expanded Departure Room

1. Increase Check-in Capacity To 680 Passengers Per Hour

1. Expand Outbound Baggage System To Handle 1200 Bags Per Hour

Estimated Cost $20,000,000** $300.00/Square Foot

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AirsideAirside

1. Extend Runway To 8900 Feet

1. Expand Gate #7 To Accommodate Code E Aircraft

1. Expand Gate #8 To Accommodate Code C Aircraft

1. Add Taxiway Connector To Runway To Accommodate Code E Aircraft

1. Upgrade Type 4 Glycol Facility

Estimated Cost $10,370,000

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2007 - 2010 Development 2007 - 2010 Development ProgramProgramRunway ExtensionRunway Extension

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2010 Development Program2010 Development Program

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MAGNITUDE OF COST MAGNITUDE OF COST ESTIMATEESTIMATE

$36,000,000

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Budget SummaryBudget Summary

PROJECTS 2007 2008 2009 2010 Total

GLYCOL FACILITY 70,000 70,000

EXTEND RUNWAY 4,000,000 1,300,000 5,300,000

BALANCE OF PROGRAM 2,000,000 15,000,000 13,000,000 30,000,000

4,070,000 3,300,000 15,000,000 13,000,000 35,370,000

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Financing SummaryFinancing Summary

2007 2008 2009 2010 TOTAL

2010 Capital Pgm 4.1 3.3 15.6 13.8 36.8

Existing Pgms 15.5 7.7 23.2

Borrowing 17.3 15.3 13.2 45.8

Interest Exp 0.7 0.6 1.0 1.8AIF Revenues (4.9) (6.1) (6.4) (6.7)

(million’s)(million’s)

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Financing SummaryFinancing Summary

(million’s)(million’s)OUTSTANDING PAYMENTSOUTSTANDING PAYMENTS

-10

0

10

20

30

40

50

60

MFA

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