Annexure II - AERA
Annexure II - AERA
Annexure II - AERA
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NERA<br />
Economic Consulting<br />
This ex post regulation applies only to aeronautical activities, while prices for nonaeronautical<br />
activities including real estate are out of the perimeter of the regulatory<br />
till.<br />
2.9. South Africa: all regulated airports<br />
The airport regulation applied to ACSA is based on a single till approach." Non<br />
aeronautical activities, including real estate activities, are included in the regulatory<br />
till.<br />
Only investments which are not part of the core business of the company are excluded<br />
from the till.<br />
2.10. The Netherlands: Amsterdam<br />
The airport of Amsterdam is under a dual till regulation." However, some nonaeronautical<br />
activities are included in the till, i.e.:<br />
• Car parking;<br />
• Shopping areas;<br />
• Hotel space.<br />
All other non aeronautical activities, including real estate, are not considered in the<br />
perimeter of the regulatory till.<br />
2.11. United Kingdom: Heathrow, Gatwick and Stansted<br />
Heathrow, Gatwick and Stansted airports are under single till regulation. Nonaeronautical<br />
activities are included in the regulatory till. Real estate activities are<br />
included in the regulatory till with the exception of hotels owned by BAA as they are<br />
located outside the airport, or subject to competition from other hotel operators.<br />
In summary, non-aeronautical activities that are included in the regulatory till are:<br />
• retail activities (regarding World Duty Free, awholly owned subsidiary ofBAA,<br />
only the royalty will be included in the calculation of the margin, while the<br />
remaining rart of the profits will remain out to the benefit of the airport<br />
operator); I<br />
• car parking;<br />
• advertising;<br />
14 Approach to the 2010111 to 2014/15 permissions, April 2009, Regul ating Committee to ACSA and ATNS<br />
15<br />
See : Dec ree 333 dated 7 July 2006 entailing rules regarding the operation of Amsterdam Airport Schiphol<br />
(Amsterdam Airport Schiphol Operation Decree) and Dutch Aviation Act- Section 8.25d( 12)<br />
lfi Competition Commission repo rt: BAA Ltd - A report on the economic regulation of the London airports<br />
companies (Heathrow Airport Ltd and Gatwick Airport Ltd), Anne x l, pg, 19<br />
7<br />
<strong>Annexure</strong> <strong>II</strong>-B<br />
CP No. 9/2013-14/T-12023(14)/1/2012- Tariff- Vol - <strong>II</strong>I <strong>Annexure</strong> <strong>II</strong>-B Page 45 of 51