building an airport on st. helena robbie lyle commonwealth disaster management agency
TRANSCRIPT
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
Financial
Disaster Risk Reduction
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
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
Tel: 020 7930 3535email: [email protected]
88 St James’s StreetLondon SW1A 1PL
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.