Cost
In May 2005, the federal government, which owns the land, announced it was cutting rent costs by 54%. The rent reductions will cut the cost of the lease by approximately $840 million CAD between 2006–2020, or $5.0 billion CAD over the term of the lease, which ends in 2052. Currently, the airport authority pays about $80 million CAD each year in rent.
Passengers traveling through YVR are no longer required to pay a separate Airport Improvement Fee; it now is included in the price of a ticket.
Read more about this topic: Vancouver International Airport
Famous quotes containing the word cost:
“Greeting people doesn’t cost you anything except a roll of your tongue.”
—Chinese proverb.
“Keeping accounts, Sir, is of no use when a man is spending his own money, and has nobody to whom he is to account. You won’t eat less beef today, because you have written down what it cost yesterday.”
—Samuel Johnson (1709–1784)
“The Fountaine of parents duties is Love....Great reason there is why this affection should be fast fixed towards their children. For great is that paine, cost, and care, which parents must undergoe for their children. But if love be in them, no paine, paines, cost or care will seeme too much.”
—William Gouge (20th century)