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Port Congestion – Limited Berths: Length, Availability
                      or Both




                     June 9, 2010
Port Profile – Prior to Improvements
Port Profile – Prior to Improvements
October 2009 – Three Ship Day
October 2009 – Three Ship Day
Business Case – Status Quo OR Second Berth

             Status Quo                               Second Berth
• Berth expansion at CHAI wharf           • Second berth possible at Coast
    cost $18.5 M; it is a multi-purpose       Guard Wharf
    berth for all commercial shipping     •   Would require a capital
    and cruise ship activities                investment that is estimated at
•   Current berth generates sufficient        $12.0 M
    revenue to cover debt service and     •   Expanded berth would only be
    operating costs                           suitable to cruise ships due to
•   2010 Cruise season – 14 ships             adjacent developments
    from April – August (5 months         •   With single sole source revenue –
    32%) ; 14 ships in September (1           long term viability
    month 32%) and 16 ships in            •   Exploring funding/financing
    October (1 month 36%)                     models for second berth
•   Extending the season to better
    utilize existing berth capacity

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Port Congestion Les Parsons

  • 1. Port Congestion – Limited Berths: Length, Availability or Both June 9, 2010
  • 2. Port Profile – Prior to Improvements
  • 3. Port Profile – Prior to Improvements
  • 4. October 2009 – Three Ship Day
  • 5. October 2009 – Three Ship Day
  • 6. Business Case – Status Quo OR Second Berth Status Quo Second Berth • Berth expansion at CHAI wharf • Second berth possible at Coast cost $18.5 M; it is a multi-purpose Guard Wharf berth for all commercial shipping • Would require a capital and cruise ship activities investment that is estimated at • Current berth generates sufficient $12.0 M revenue to cover debt service and • Expanded berth would only be operating costs suitable to cruise ships due to • 2010 Cruise season – 14 ships adjacent developments from April – August (5 months • With single sole source revenue – 32%) ; 14 ships in September (1 long term viability month 32%) and 16 ships in • Exploring funding/financing October (1 month 36%) models for second berth • Extending the season to better utilize existing berth capacity