Kelowna International Airport 2010 Development Program September 17, 2007

2010 DEVELOPMENT PROGRAM

3 Passenger Growth Forecast FORECAST ASSUMPTIONS MEDIUM RANGE FORECAST BASED ON 4.3% ANNUAL PASSENGER GROWTH REFERENCE: 2025 MASTER PLAN

4 Ground Access 1.Twin Airport Way Outbound 1.Install Double Left Turns at Highway 97 South Bound 1.Install Advanced Left Turn Signal On Highway 97 1.Expand Bus Parking To Accommodate 6 Full Size Highway/Municipal Buses Estimated Cost $1,000,000

5 Vehicle Parking 1.Increase Paved Vehicle Parking From 2,200 Stalls to 2,500 Stalls 1.Expand Short Term Parking from 320 to 600 Stalls 1.Increase Employee Parking From 170 Stalls to 250 Stalls 1.Develop Demand Management Strategy for Develop 1,000 stall gravel peak period overflow parking area Estimated Cost $2,000,000

6 Car Rentals 1.Build New Car Rental Terminal North Of Existing Air Terminal 1.Provide Covered Ready Parking For 75 Vehicles Adjacent To New Car Rental Terminal 1.Expand Long Term Car Rental Parking By 80 Stalls Estimated Cost $2,000,000

7 Air Terminal Building 1.Build New 250 Passenger International Arrivals Area 1.Design New International Arrivals So That The Baggage Carousel Can Be Used For Domestic Arrivals 1.Convert Existing International Arrivals Area To Domestic Arrivals 1.Add Loading Bridges To Gate #6 & Gate #8 1.Expand Departure Room To Accommodate 680 Passengers Per Hour 1.Add Concessions To Expanded Departure Room 1.Increase Check-in Capacity To 680 Passengers Per Hour 1.Expand Outbound Baggage System To Handle 1200 Bags Per Hour Estimated Cost $20,000,000* * $300.00/Square Foot

8Airside 1.Extend Runway To 8900 Feet 1.Expand Gate #7 To Accommodate Code E Aircraft 1.Expand Gate #8 To Accommodate Code C Aircraft 1.Add Taxiway Connector To Runway To Accommodate Code E Aircraft 1.Upgrade Type 4 Glycol Facility Estimated Cost $10,370,000

Development Program Runway Extension

Development Program

11 MAGNITUDE OF COST ESTIMATE $36,000,000

12 Budget Summary PROJECTS Total GLYCOL FACILITY 70,000 70,000 EXTEND RUNWAY4,000,0001,300,000 5,300,000 BALANCE OF PROGRAM2,000,00015,000,00013,000,000 30,000,000 4,070,0003,300,00015,000,00013,000,000 35,370,000

13 Financing Summary Financing Summary(million’s)

14 Financing Summary Financing Summary(million’s) OUTSTANDING PAYMENTS