BoeingBoy
Veteran
- Joined
- Nov 9, 2003
- Messages
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From the PHL August 31 competitiion plan (Note: What has been called A-West since it opened was called Terminal One at the time):
"The City imposes a passenger facility charge (PFC) of $3 per enplaned passenger and is using most of its PFC revenues to fund additional passenger terminal capacity. PFC revenues have been approved by the FAA to fund Terminal One ($540 million) and Terminal F ($120 million)."
From the PHL update letter for the competition plan dated March 11, 2004:
"In July 1998, the City issued $444 million of Airport revenue bonds (1998B bonds) to fund the initial costs of Terminal A-West, Terminal F, and associated projects. In July 2001, the City issued $188 million of revenue bonds (2001A bonds) to pay the completion costs of the projects. Under various records of decision, the FAA has authorized the City to impose and use PFC revenues totaling $999 million for the terminal projects, including $865 million for a portion of the debt service requirements of the 1998B and 2001A bonds."
From US' 1998 annual report:
"In 1998, US Airways reached an agreement with the Philadelphia Authority for Industrial Development (PAID) and the City of Philadelphia to construct a new international terminal and a new US Airways Express terminal at the Philadelphia International Airport, one of US Airways' connecting hubs and US Airways' principal international gateway. The international terminal will include 12 gates for widebody aircraft and new federal inspection facilities and
is expected to be completed in 2001. The new US Airways Express facility will be capable of accommodating approximately 30 regional aircraft and is expected to be completed in 2000. PAID has issued $443.7 million in airport revenue bonds to finance the two terminals, ramp control tower, and related projects. Upon completion of the project, US Airways expects that its annual cost of operations will increase by approximately $30 million."
Jim
"The City imposes a passenger facility charge (PFC) of $3 per enplaned passenger and is using most of its PFC revenues to fund additional passenger terminal capacity. PFC revenues have been approved by the FAA to fund Terminal One ($540 million) and Terminal F ($120 million)."
From the PHL update letter for the competition plan dated March 11, 2004:
"In July 1998, the City issued $444 million of Airport revenue bonds (1998B bonds) to fund the initial costs of Terminal A-West, Terminal F, and associated projects. In July 2001, the City issued $188 million of revenue bonds (2001A bonds) to pay the completion costs of the projects. Under various records of decision, the FAA has authorized the City to impose and use PFC revenues totaling $999 million for the terminal projects, including $865 million for a portion of the debt service requirements of the 1998B and 2001A bonds."
From US' 1998 annual report:
"In 1998, US Airways reached an agreement with the Philadelphia Authority for Industrial Development (PAID) and the City of Philadelphia to construct a new international terminal and a new US Airways Express terminal at the Philadelphia International Airport, one of US Airways' connecting hubs and US Airways' principal international gateway. The international terminal will include 12 gates for widebody aircraft and new federal inspection facilities and
is expected to be completed in 2001. The new US Airways Express facility will be capable of accommodating approximately 30 regional aircraft and is expected to be completed in 2000. PAID has issued $443.7 million in airport revenue bonds to finance the two terminals, ramp control tower, and related projects. Upon completion of the project, US Airways expects that its annual cost of operations will increase by approximately $30 million."
Jim
