Transparency data
St Helena airport second quarter 2012-2013
Updated 24 May 2013
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| Project name | St Helena Airport |
|---|---|
| Department | DfID |
| MPA RAG rating (A Delivery Confidence Assessment of the project at a fixed point in time, using a five-point scale, Red – Amber/Red – Amber – Amber/Green – Green; definitions in the MPA Annual Report) | Amber/Green |
| Description / aims | The provision of sustainable and unsubsidised air services to the British Overseas Territory of St Helena to meet UK obligation to maintain access and promote economic development through tourism. |
| Departmental narrative, actions on Delivery Confidence Assessment | At this early stage in the construction phase (one year into a four year programme) there remain significant risks, both to delivery of the airport and of associated services including aviation fuel and air services. These are being actively managed by a Programme Board which also monitors actions to achieve wider economic development on St Helena required to deliver project benefits. |
| Project - start date | 15/03/2005 |
| Project - end date | 31/08/2026 |
| Departmental narrative on schedule, including any deviation from planned schedule | The project is currently on budget and on schedule. Construction is underway and the airport is expected to open in early 2016. The Design Build and Operate (DBO) contract for the airport includes the first ten years of operations. |
| 2012/13 Budget (£million) | 70.09 |
| 2012/13 Forecast (£million) | 69.77 |
| Total budgeted whole life costs (£million) (including non-government costs) | 423.47 |
| Departmental narrative on budget/forecast variance for 2012/13 (if variance is more than 5%) | There is no significant variance between forecasted and budgeted costs for 2012/13. |
| Departmental narrative on budgeted whole life costs | The whole life cost of the airport covers design, construction and 40 years of operations. It includes both UK Government support and funding by the St Helena Government. UK Government support, which will cease after the first ten years of operations, includes the main DBO contract, signed in November 2011 in the amount of £236.6 million (£201.5 million for design and construction, and £35.1 million for the first ten years of operations), with an additional £10 million in shared risk contingency. |