Transcript Building an airport at St Helena

Building an airport on
St. Helena
Robbie Lyle
Commonwealth Disaster
Management Agency
St. Helena Airport Access
Project
with the Department for International
Development as Project Promoter
Brief History of St Helena
• Strategic role
• Staging Post
– East India
Company
• Napoleon
Government Supported Project
Finance Initiative
• First of its kind
• 18 year pay back period, including 4 year
building stage
• Special Purpose Vehicle comprising:
– Government (DFID)
– Private Investors (St. Helena Leisure Company –
SHELCO)
– Contractors (Impregilo and others)
– BNP Paribas
• ECGD and SACE guarantees
The Three Cases for an Airport
Moral
Strategic
Disaster Risk
Reduction
Financial
Moral
• Creation of Sustainable Island
Economy
• Social Welfare
• Access to Essential Services, such as
Healthcare
• Ecological & Geophysical Monitoring
• Air Safety
• Maritime Safety (Monitoring Cruise
Liners, Cargo Ships & Fishing Fleets)
Strategic
• Radionuclide Monitoring
• Regulating International Fishing Agreements
eg. ICCAT
• Administering strategic investment
strategies in the South Atlantic (Oil and Gas)
• Aiding International Disaster Relief
Programmes for both South America and
Africa
• Monitoring Climate Change
• Pivotal for Trade Routes
Financial
• Creation of Sustainable Island
Economy
• Reduction and eventual Removal of
DFID Subsidy
• Offtake Programme which Finances
Airport Construction
Map of South Atlantic Flight Information Regions
Possibility of Carbon Credits
• An environmentally friendly airport?
• St Helena as an en route alternate
ETOPS airport
fuel reduction
• ICAO, UNFCCC, Copenhagen
• St Helena, Annex 1 or Annex 2?
• St. Helena can act as a gateway for
South America and Africa
Conclusion
• A significant new relationship between
public and private financing, which
coincides with requirements of
international climate change initiatives
• Improving the lives of those on St
Helena
• Returning St Helena to the world stage
as a vital strategic post
St. Helena Airport Access
Project Team
• Robbie Lyle – CDMA
• Graham Johnson, Fiona Brenner,
Quentin Macfarlane – Pall Mall Consult
• Patrick Perry – Financial Adviser
88 St James’s Street
London
SW1A 1PL
Tel: 020 7930 3535
email: [email protected]
[email protected]
CDMA
• Robert Lyle founded CDMA in 2000 with Sir
Humphrey Maud, former Deputy Secretary
General of The Commonwealth. CDMA offers
insurance to small states vulnerable to natural
disasters. CDMA are currently in negotiations
with the state of Qatar on the creation of a
dedicated Insurance Company to cover the risks
of natural disasters for the Governments of small
states.