Return to Written Question 20-13(4), asked by Mr. Picco to the Minister of Finance concerning revenues generated from Iqaluit airport.
Revenues Generated from Iqaluit Airport
It should be noted that Iqaluit Airport was transferred to the GNWT on July 1, 1995. Revenue for 1995-96 received prior to this date (i.e. April - June 1995) was received by Transport Canada. This amount totalled $60,221 and was received by the GNWT as a post-closing adjustment at year-end.
Therefore, the figures are those recorded by the GNWT for the period July 1, 1995 to March 31, 1996.
To answer the specific parts of the question in the order in which they were asked:
1. Revenue generated from Iqaluit fuel sales - total dollar amount for 1995/96 was $7,166;
2. Revenue generated by landings and other revenue generated by foreign and intra-Canadian flights was $155,255;
3. Total surtax, if any, on fuel sales in Iqaluit was none (The concession revenue from fuel sales is received from Uqsuq Corporation who collect GST);
4. Revenue generated by leases, equipment and facilities at Iqaluit airport was $1,051,785. (The lease/rental included a throughout fee of $819,325 from Shell Canada based on the amount of fuel stored at the tank farm. This came to an end in August 1996 and Shell received a refund of $164,737 based on the amount of fuel left in the tanks.
Other concession and miscellaneous revenue (gift shop, advertising, etc.) was $75,191.
5. With respect to the "time frame and description of any privatization initiatives under-way or anticipated in the Iqaluit airport", the Department of Transportation has not been approached regarding any privatization initiatives at this airport.