Annexure II - AERA
Annexure II - AERA
Annexure II - AERA
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NERA<br />
Economic Consulting<br />
Airports can sell land developed for non -aeronautical purposes (e.g. commercial<br />
activities) and in general surplus land. They retain all revenues associated to the sale.<br />
3.2. Belgium: Bruxelles<br />
In Belgium, land connected to aeronautical activities is evaluated at historic cost and<br />
included in the RAB.<br />
All other land is not included in the regulatory till and, in principle, can be sold,<br />
although there are no precedents. Price will be set by the market and the airport will<br />
keep all sale revenues.<br />
3.3. Denmark: Copenhagen<br />
In Denmark aeronautical charges are calculated on costs of aeronautical services<br />
reduced by a percentage of the difference between revenues and costs of all nonaeronautical<br />
activities. Land is evaluated at historic cost.<br />
The regulation does not explicitly mentions whether land in excess of the land needed<br />
for aeronautical purposes (i.e, surplus land) can be sold and how this should be<br />
treated. We understand that, in case the airport sells such land revenues will be<br />
included in the till in a percentage corresponding to the one which applies to the<br />
difference between revenues and costs of non-aeronautical activities.<br />
3.4. France: Paris<br />
In France, the land of non-aeronautical activities included in the till (car parking and<br />
aeronautical real estate activities) is evaluated at historic cost in the RAB.<br />
Our understanding is that the regulation is unclear whether land used for nonaeronautical<br />
activities and, in general, surplus land can be sold. There are also no<br />
precedents on the matter.<br />
3.5. Germany: Hamburg<br />
In Germany, in the case of the Hamburg airport non-aeronautical activities are outside<br />
the regulated till. Land used for non-aeronautical activities is not evaluated in order<br />
to calculate aeronautical charges.<br />
Our understanding is that the land used for non-aeronautical activities, and more<br />
generally surplus land, can be sold. In such cases prices are set by the market and the<br />
airport will keep all the sale revenues.<br />
3.6. Ireland: Dublin<br />
In Ireland, the land of non-aeronautical activities is included in the RAB at current<br />
cost, i.e. historical book values are expressed at current value by using a price index.<br />
In recent discussions related to the development of Dublin airport city, a high-density<br />
development announced by the DAA in 2008, to include commercial offices, retail,<br />
9<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 47 of 51