Comments on: Column: I’m An Airport Convert & Here’s Why

By: What??

What?? — Tue, 31 Jan 2017 15:51:43 +0000

“when the airport operation begins to turn a profit, Bermuda shares in that profit.”

The airport (when the departure tax is included) turns a profit now. It will turn a much larger profit for Aecon the minute the deal is signed since all the fees will increase, 70% of expenses will be retained by Government and 100% of revenue will go to Aecon. According to Aecon’s plan, $100 million of the construction costs will be paid for by profits from the current terminal over the 3 1/2 years of construction.

The fact is Bermuda will only begin sharing profits after all equity investors have recovered their invests and all loans are paid off. Even then the share of profits is 50% of those profits in excess of the guaranteed return on investment to Aecon. So Bermuda will only receive a share when everything is paid for AND IF the airport the airport has an exceedingly profitable year.

By: Onion Juice

Onion Juice — Tue, 31 Jan 2017 12:36:32 +0000

Or maybe skin in de game.

By: Jus' Askin'

Jus' Askin' — Tue, 31 Jan 2017 07:39:21 +0000

I would Love to know how old the members of the OBA are.
How many of them will even be around in 30-35 years?
At 60+, I am pretty sure the banks will not give You a mortgage for 30+ years
Very easy to sign Bermuda up for something that these members will not be around to see to the end
I call on the children of the OBA members to speak up, as You will be on the hook for this like everyone else as well as Your children

By: ian

ian — Tue, 31 Jan 2017 01:30:27 +0000

Daft!!

By: sage

sage — Tue, 31 Jan 2017 01:06:18 +0000

I again ask why the roof isn’t covered in photo-voltaic panels being as we are on the hook for the electricity bill ?

By: 32n64w

32n64w — Mon, 30 Jan 2017 22:46:34 +0000

Perhaps because they’re open to reviewing and digesting information and reaching an apolitical conclusion as opposed to certain opposition MPs who put the party’s interests ahead of the electorate and go out of their way to spread lies, disinformation and innuendo solely to advance a selfish agenda.

By: Pastor Syl

Pastor Syl — Mon, 30 Jan 2017 22:17:16 +0000

Sorry it posted before i was finished
Which would have negative consequences in a couple of areas. Because of the current state of our finances, our credit rating well be negatively impacted and we’d have to accept a higher rate of interest. Plus, every Bermudian will have to pay for the loan; or 3) go with the offer on the table which means not only will we not have to find the money up front, but the loan will be paid by the folks who use the services and amenities at the airport

By: Justice

Justice — Mon, 30 Jan 2017 21:34:33 +0000

How much more information on the deal would you like? This government has bent over backwards to impart information to the public! Couldn’t say that about the hospital project under the PLP ! In fact , pertinent info on that protect is STILL not privy to the public! Smdh!

By: clearasmud

clearasmud — Mon, 30 Jan 2017 19:28:07 +0000

I have to disagree with you when you say “So the question is, should we repair it or replace it?”
I agree we need a new airport, however I dis agree that now is the time to do it. Additionally even if I accept that the PPP is the best way to finance it I am not convinced that the present deal represents value for money. So unless you are able to tell me that you have run the numbers, done comparisons of us building versus them building then your opinion is of no help to me.

By: Pastor Syl

Pastor Syl — Mon, 30 Jan 2017 19:19:32 +0000

Sorry it posted before i was finished
Which would have negative consequences in a couple of areas. Because of the current state of our finances, our credit rating well be negatively impacted and we’d have to accept a higher rate of interest. Plus, every Bermudian will have to pay for the loan; or 3) go with the offer on the table which means not only will we not have to find the money up front, but the loan gefilte paid by the folks who use the services and amenities at the airport

By: Pastor Syl

Pastor Syl — Mon, 30 Jan 2017 19:07:54 +0000

At this stage, since no other body has come forward and offed to pay for the construction of a new airport, our choices are 1)continue to patch what we have and see how to afford to build later; 2) put the job out to tender and take out a loan to build,

By: Dumb and dumber

Dumb and dumber — Mon, 30 Jan 2017 17:08:47 +0000

Election definitely coming. As it’s only when an Election draws near that people pen OpEds that are desperate and make absolutely no sense.

After reading the MPs piece twice, I am yet to find any original or factual points that would change anyone’s mind, let alone even explain this in a clear manner.

Please have Mr Henahulph re-write this using bullet points and facts to sell this $200,000,000 piece of fiction

By: watching

watching — Mon, 30 Jan 2017 15:04:09 +0000

Supporting a new airport is one thing, supporting this deal is another.
Mrs. Holshouser hasn’t gone into any detail regarding the deal itself. All she seems to talk about is that we need a new airport.

By: Say Whaat?

Say Whaat? — Mon, 30 Jan 2017 13:46:35 +0000

Hmmm. First Jeff Sousa changes his mind about SSM and now this. How come you guys all change your mind at the last minute?

I like MP Roberts-Holshouser, but this is suspect.