Case Studies: Larnaca and Paphos International Airports - Revision history

Nimda: /* Risk Allocation */

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‎Risk Allocation

Nimda at 15:48, 12 June 2015

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Nimda: /* Introduction */

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‎Introduction

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‎Introduction

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‎Introduction

Nimda: /* Risk Allocation */

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‎Risk Allocation

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 [[Image:Paphosrisk.png]]
-'''Figure 4: Risk allocation'''
+'''Figure 3: Risk allocation'''
 Another possible risk that is allocated to the public sector is the possibility of having a third airport in Cyprus, either by building a new one or in the case that a comprehensive settlement is reached in respect of the Cyprus issue, when the existing airport in the occupied area may recognized as an international airport again. The bidders prepared their proposals on the assumption that there are only two airports in Cyprus. If there is in the future a new airport in Cyprus, there will be a reduction in demand for Larnaca and Paphos Airports so the contract has certain clauses to protect the concessionaire from such risks.

← Older revision		Revision as of 15:48, 12 June 2015
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	The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.		The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.
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	Larnaca Airport is the largest commercial airport of Cyprus and is located in the southern part of the island, 4 km southwest from the city of Larnaca. Paphos Airport is the second largest airport of Cyprus, located in the southwestern part of the island, 6.5 km southeast from the city of Paphos.		Larnaca Airport is the largest commercial airport of Cyprus and is located in the southern part of the island, 4 km southwest from the city of Larnaca. Paphos Airport is the second largest airport of Cyprus, located in the southwestern part of the island, 6.5 km southeast from the city of Paphos.

← Older revision		Revision as of 15:47, 12 June 2015
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	The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.		The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.

−	~~[[Image:Larnaca2.png\|600px]]~~
−
−	~~'''Figure 3: Risk allocation'''~~

	Larnaca Airport is the largest commercial airport of Cyprus and is located in the southern part of the island, 4 km southwest from the city of Larnaca. Paphos Airport is the second largest airport of Cyprus, located in the southwestern part of the island, 6.5 km southeast from the city of Paphos.		Larnaca Airport is the largest commercial airport of Cyprus and is located in the southern part of the island, 4 km southwest from the city of Larnaca. Paphos Airport is the second largest airport of Cyprus, located in the southwestern part of the island, 6.5 km southeast from the city of Paphos.

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 The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.
-[[Image:Larnaca2.png|500px]]
+[[Image:Larnaca2.png|600px]]
 '''Figure 3: Risk allocation'''

@@ Line 41: / Line 41: @@
 The ‘‘Best Transport Project in Europe’’ in the competition for ‘‘PPP Awards 2013’’ was awarded to the Concession Agreement for the development and operation of the international airports of Larnaca and Paphos by ‘‘World Finance’’ (visit http://www.worldfinance.com/awards/ppp-awards-2013). This reflects the success of the project on various levels assessed in the competition: using best practices, innovation, bringing socio-economic benefits to the end users, and becoming a template in various aspects. In fact, the new modern airports, through the PPP contract, offer significant changes and innovative solutions in respect of passenger handling (e.g. boarding bridges), especially when these solutions are compared with the old airports.
-[[Image:Larnaca2.png|300px]]
+[[Image:Larnaca2.png|500px]]
 '''Figure 3: Risk allocation'''

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 The force majeure risk will be shared by both parties (war, disaster, hijacking etc) but the risk is greater for the public sector, as the concessionaire is compensated by the Contracting Authority.
-[[Image:Paphosrisk.png|300px]]
+[[Image:Paphosrisk.png]]
 '''Figure 4: Risk allocation'''