Project name

Spreadsheet version
Date
Amount of MCC funds
Project description

Benefit streams included in ERR

Costs included in ERR (other than costs borne

by MCC)
Estimated ERR and time horizon

Worksheets in this file

Last updated: 8/31

Mali: Bamako-Snou Airport Improvement

Mali: Bamako-Snou Airport Improvement Project

Investment memo, final
8/31/2006
$89.6 million

The Airport Improvement Project is intended to remove constraints to air traffic growth and increase the Airports efficiency in b
passenger and freight handling through airside and landside infrastructure improvements, as well as the establishment of
appropriate institutional mechanisms to ensure effective management, operation, and maintenance of the Airport facilities over
long term.
Increased expenditures by airport control (ASECNA) and management (ADM) on payroll, maintenance and general expenses
leading to increased employment and value-added
Increased sales by airport retail concessionaires
Reduction in opportunity costs for local passengers
Increased aircraft handling fees for baggage (ASAM-SA)
Value-added from increased indirect and induced employment for baggage handling
Increased tourism leading to increased hotel and restaurant receipts
None
13.4% over 20 years
Project Description
One should read this sheet first, as it offers a summary of the activity, a list of components, and states the economic rationale
project.
ERR & Sensitivity Analysis
This worksheet highlights key assumptions and summarizes how the ERR may change due to varying costs and benefits.
Summary
Provides a summary of the project ERR broken down by component.
ERR
Compares the annual costs and benefits of the project and computes the resulting ERR over a 20-year time period.
Benefit Data
Calculates the economic benefits of the airside and passenger terminal improvements.
Benefit Calc
Extrapolates the benefits of the airside and passenger terminal improvements over 20 years.
Airport Cost Data

Calculates the capital costs of the airport improvements.

Cost Calc
Projects the capital and recurring costs of the airside and passenger terminal improvements over 20 years.

Last updated: 8/

Mali: Bamako-Snou Airport Improvement

Project Description
Summary

The Airport Improvement Project is intended to remove constraints to air traffic growth and increase the Airports efficiency in b
passenger and freight handling through airside and landside infrastructure improvements, as well as the establishment of
appropriate institutional mechanisms to ensure effective management, operation, and maintenance of the Airport facilities over
long term.
Components
The Airport Improvement Project includes the following Project Activities:
1. Airside Infrastructure. Improvements will include reinforcement overlay to, and expansion of, the runway, taxiway, and
apron areas; replacement of deteriorating navigational equipment; and upgrades of Airport security systems.
2. Landside Infrastructure. Improvements will be made to the existing passenger terminal and a new passenger terminal
will be constructed, as well as support facilities, airport roads, and parking lots. Certain utilities, including water supply,
solid waste disposal facilities, wastewater treatment, and power generation, are also planned to be constructed and
designed as joint systems to support both the proposed investments at the Airport and the adjacent Industrial Park.

3. Institutional Strengthening. Infrastructure improvements will be accompanied by the establishment of appropriate

institutional mechanisms to ensure effective management, operation and maintenance of the Airport facilities over the
long term. These measures will involve both the management of the Airport, as well as the wider regulatory framework
governing the civil aviation sector in Mali.

Economic Rationale

Improvements in the airside and landside facilities in the Airport are intended to support economic growth through (a) increa
revenue generated by growth in passenger and aircraft traffic, and (b) increases in the value and volume of goods shipped thro
the Airport. Direct beneficiaries include passengers who spend less time going through Airport procedures prior to boarding,
additional Airport services employees for Airport operations, baggage handling, and flight kitchen, as well as passenger termin
commercial concessions. An increase in foreign passengers implies additional substantial benefits for the tourism industry, bot
terms of increased revenues to hotels and restaurants and additional employment and wages.

The indirect impact of the Airport Improvement Project through increased tourism and impact on the informal sector could h
significant effect on growth and poverty reduction. Increased demand for airline services should have significant additional long
benefits for Mali as tourist facilities expand in tandem with increased tourism. Further, new business travelers may translate int
additional foreign investment for Mali which could transform the economic profile of the country.

The informal sector active around the Airport will benefit from an expansion of Airport passenger and cargo traffic. Since
unemployment and underemployment in the Bamako region are substantial, a proportion of new service employees are likely t
transfer from low paying, sporadic informal activity to higher paying, steady work at the Airport, an additional important
indirect benefit to the economy.

A majority of those impacted by the Airport Improvement Project are expected to be women since official Malian employme
data indicate that 82% of hotel and restaurant workers in Bamako are women. Women also account for 56% of the informal se
and the majority of working women in Bamako are employed in the informal sector. Further analysis using data from specific s
to be conducted, will provide more detailed and reliable data on employment and poverty in the Bamako area.

Last updated: 8/

Mali: Bamako-Snou Airport Improvement

ERR and sensitivity analysis

Change the "User Input" cells in the table below to see the effect on the compact's Economic Rate of Return (ERR) and
MCC estimates, click the "Reset Parameters" button at right. Be sure to reset all summary parameters to their original
parameters.

Parameter type

Summary
Summary

Specific
Specific
Specific

Distribution of ERR Given Uncertainty in Key Para

(as of 8/31/2006)
12

10

Fre quency

Bamako-Snou Airport Improvement

nd sensitivity analysis

e "User Input" cells in the table below to see the effect on the compact's Economic Rate of Return (ERR) and net benefits (see chart below)
mates, click the "Reset Parameters" button at right. Be sure to reset all summary parameters to their original values ("MCC Estimate" values
s.

Paramete
Description of key parameters

User Input

Actual costs as a percentage of estimated costs

100%

Actual benefits as a percentage of estimated benefits

100%

Exchange rate (XOF/US$)

500

Airport sales revenue per passenger (XOF)

5,000

Share of visitors in total passenger arrivals

57.0%

Economic rate of return (ERR):

13.4%

MCC Estimated ERR (as of 8/31/2006):

13.4%

Undiscounted annual net benefits of

Bamako-Snou Airport Improvement Project
80,000,000
60,000,000
40,000,000
20,000,000
0
1
-20,000,000

10

11

12

13

14

15

16

17

60,000,000
40,000,000
20,000,000
0
1

10

11

12

13

14

15

16

17

-20,000,000
-40,000,000
-60,000,000
Year

Distribution of ERR Given Uncertainty in Key Parameters

(as of 8/31/2006)
12

10

Fre quency

Although the above distributional figure was not part of the Investment Memorandum (IM) ERR calculatio
it reflects the best information available on parameters as of the IM (8/31/2006)

Last updated: 8/31/2006

and net benefits (see chart below). To reset all values to the default
al values ("MCC Estimate" values) before changing specific

Parameter values
MCC Estimate

Plausible range

Values used in
ERR computation

All summary
parameters set to initial
values?

100%

80 - 120%

100%

100%

80 - 120%

100%

500

400 - 550

500

More Info

5,000

3,000 - 7,000

5,000

Project Description

57.0%

25 - 75%

57.0%

User's Guide

of
Project

13

14

15

16

17

18

19

20

13

14

15

16

17

18

rameters

emorandum (IM) ERR calculation,

of the IM (8/31/2006)

19

20

MALI Airport Model

Benefit Data
Benefit Data
Benefit Calc
Cost Calc
ERR

Sensitivity ERR
Airside
Passenger Terminal
Airside and Passenger

17.24%
7.05%
13.39%

Summary

Bamako-Snou International Airport & Industrial Park

Economic Rate of Return (ERR)

USD

Net Benefits
Airport

Year 1
-248,484
-3,635,534
-3,884,018
-1,999,162
-2,338,686
-746,128

Airside
Passenger Terminal
Airside + Passenger Terminal
Airside + Cargo Terminal
Passenger Terminal + Cargo Terminal
Cargo Terminal (with MANGO option)
Airside and Passenger
Net Benefits Scenario 2 (High Growth)
Airside
Passenger Terminal
Cargo Terminal
Cumulative
Cargo Terminal (with MANGO option)

Economic Rate of Return (ERR)

Net Benefits
Airside
Passenger Terminal
Airside and Terminal

-3,884,018
-1,900,624
-2,240,148
-98,538
-4,239,310
-746,128

17.24%
7.05%
13.39%

Year 2
-4,205,685
-8,814,173
-13,019,859
-3,994,310
-4,690,334
255,945

Year 3
-17,537,810
-20,111,933
-37,649,744
-9,987,651
-11,713,773
1,060,942

Year 4
Year 5
-18,166,882 -1,097,543
-15,867,529 -1,224,841
-34,034,411 -2,322,384
-13,981,838 -9,979,386
-15,640,772 -10,930,427
1,964,476
4,512,162

-13,019,859 -37,649,744 -34,034,411

-2,322,384

Year 6
846,845
6,691,612
7,538,457
1,586,076
4,690,727
5,606,060

Year 7
1,001,037
5,143,682
6,144,720
1,768,001
3,207,685
6,207,270

Year 8
1,591,813
5,231,471
6,823,284
2,389,685
3,371,403
6,808,480

Year 9
2,255,398
5,334,626
7,590,024
3,091,726
3,559,669
7,409,690

7,538,457

6,144,720

6,823,284

7,590,024

-3,797,235 -9,494,963 -7,321,012 -2,088,727

9,689,296 11,788,568 14,551,853 17,625,994
-4,493,259 -11,221,085 -11,690,772 -5,559,978
6,064,334
4,895,398
5,409,100
5,978,257
-197,075
-492,688 388,042,166 465,317,747 542,888,121 575,334,729 603,437,507 628,222,259
-8,487,569 -21,208,736 369,030,382 457,669,042 558,641,750 592,018,695 623,398,460 651,826,510
255,945
1,060,942 390,696,406 470,322,597 548,494,181 581,541,999 610,245,987 635,631,949

Year 10
2,882,904
5,438,581
8,321,484
3,757,195
3,744,193
8,010,900

Year 11
7,798,052
5,642,892
13,440,944
8,770,406
4,569,419
8,612,110

Year 12
11,590,863
5,885,799
17,476,662
12,704,227
5,340,269
9,261,680

Year 13
15,782,376
6,142,518
21,924,894
16,994,418
6,129,563
9,865,620

Year 14
20,405,334
6,421,341
26,826,675
21,724,290
6,995,505
10,469,716

Year 15
25,494,944
6,723,871
32,218,815
26,929,753
7,944,252
11,074,085

Year 16
31,090,413
6,987,976
38,078,389
32,741,041
9,008,846
11,769,129

Year 17
37,229,706
7,343,189
44,572,895
39,020,856
10,148,018
12,378,919

8,321,484

13,440,944

17,476,662

21,924,894

26,826,675

32,218,815

38,078,389

44,572,895

21,125,042 29,956,448 37,927,868 46,713,875 56,375,854 66,921,027 78,599,704 91,309,153

6,619,781
8,075,592
9,450,861 10,962,370 12,620,237 14,426,951 16,355,746 18,521,726
650,389,176 670,438,225 688,786,351 705,619,668 721,201,567 735,704,519 749,358,439 762,100,912
678,133,999 708,470,265 736,165,080 763,295,914 790,197,659 817,052,497 844,313,888 871,931,792
658,400,076 679,050,335 697,999,671 715,434,198 731,617,307 746,721,469 760,976,599 774,320,282

Year 18
43,957,895
7,727,626
51,685,520
45,900,824
11,391,233
12,989,294

Year 19
51,321,945
8,251,842
59,573,787
53,495,617
12,854,848
13,600,137

Year 20
59,423,636
8,699,126
68,122,762
61,772,012
14,335,138
14,211,604

51,685,520

59,573,787

68,122,762

105,193,234
20,883,172
774,111,873
900,188,278
786,932,453

120,341,857
23,454,835
785,470,148
929,266,840
798,891,938

136,866,179
26,254,636
796,242,403
959,363,219
810,265,403

Summary

Bamako-Snou International Airport & Industrial Park

Projected Benefit Data
AIRPORT
Inputs
Visitor Arrivals at the Airport 2005
Total Arrivals in 2005
Share of Visitors per Total Arrivals
Total Receipts from Hotel Visitors 2004 (FCFA)
Number of Arrivals in 2004
Average Receipts per Hotel Visitor (Arrivals)
Number of Aircraft Departures 2005
ICAO Class E
ICAO Class D
ICAO Class C
Aircraft Revenue A330 etc. (FCFA) -- Passenger Terminal (2005)
Aircraft Revenue B737 etc. (FCFA) -- Passenger Terminal (2005)
Number of Days
Aircraft Traffic Revenue without Project 2005 (A330) FCFA -- Passenger Terminal
Passenger Load per Aircraft per year (A330)
Exchange Rate
1 USD =FCFA
Airside (Airport)
Passenger Air Traffic (in&out) - counterfactual
Passenger Air Traffic (in&out) - with investment
Aircraft Growth - with investment
Without project Passenger Load per Aircraft (B737)
Direct ASECNA Employment Benefits
Passenger Terminal (Airport)
Airport Sales Revenue per passenger (FCFA)
Local Resident Share of Total Passengers
Average High Income Group in Bamako (FCFA)
Maintenance and Wages (Financial Model, $)
Direct AdM Increased Employment Employment ($)
O&M Growth per year
RAGAAE Aircraft Handling Fee (FCFA)
ICAO Class E
ICAO Class D
ICAO Class C

0
Note: forecasts are in black; calculated figures are in blue; assumptions are in red
Assumptions

Year 1

Year 2

Year 3

Year 4

Year 5

Year 6

Year 7

Year 1
473,645
473,645
5.46%
57.95

Year 2
494,643
494,643
2.12%
59.44

Year 3
520,829
520,829
2.18%
60.94

Year 4
548,682
548,682
2.25%
62.45

Year 5
578,069
578,069
2.32%
63.97

Year 6
607,550
609,075
2.39%
64.00

Year 7
638,535
641,789
2.46%
65.50

126,300
221,539
0.57
76,540,000,000
145,188
527,179
515
230
3,843
1,295,000,000
2,036,790,000
365
657,000,000
115,000
500

368,166

5,000
0.43
3,213
1,790,669
1,635,339
0.15%
1,800,000
1,600,000
530,000

Year 8

Year 9

Year 10

Year 11

Year 12

Year 13

Year 14

Year 15

Year 8
671,101
676,306
2.53%
67.00

Year 9
705,327
712,727
2.60%
68.60

Year 10
741,298
750,773
2.68%
70.10

Year 11
774,657
800,470
3.33%
71.70

Year 12
809,516
847,938
3.11%
73.40

Year 13
845,945
898,301
3.19%
75.00

Year 14
884,012
951,738
3.28%
76.60

Year 15
923,793
1,008,442
3.37%
78.20

Year 16

Year 17

Year 18

Year 19

Year 20

Year 16
965,363
1,068,615
3.46%
79.80

Year 17
1,008,805
1,132,473
3.54%
81.40

Year 18
1,054,201
1,200,245
3.63%
83.00

Year 19
1,101,640
1,272,175
3.72%
86.11

Year 20
1,151,214
1,348,696
3.80%
87.65

Summary

Bamako-Snou International Airport & Industrial Park

Projected Benefit Calculation
USD

AIRPORT
Airside (Airport)
Increase in Passengers with Project (arrivals)
Increase of Visitors with Project
Increase in Tourism Revenue
Increase in Maint.&Gen Exp (based on Andy's data)
Airside Benefits
Passenger Terminal (Airport)
Scenario 1 (comparison of Base with counterfactual)
Increases in ASECNA Payroll and Maintenance Expenditures
Increased Passenger Terminal Sales
Gain in Passengers without Project (arrivals)
Reduction in time Loss for Local Passengers
Aircraft Revenue A330 etc.
Aircraft Revenue B737 etc.
Aircraft Traffic Revenue without Project 2005 (A330)
Aircraft Traffic Revenue without Project 2005 (B737)
Increase in Baggage Handling Revenue
Indirect Benefits including O&M and Personnel
Passenger Terminal Benefits

AIRPORT - Sensitivity Analysis

Airside (Airport)
Increase in Tourism Revenue
Loss of Airside Revenue without project
Total Airside Benefits
Passenger Terminal (Airport)
Increases in ASECNA Payroll and Maintenance Expenditures
Increased Passenger Terminal Sales
Reduction in Time Loss for Local Passengers
Increase In Baggage Handling Revenue
Indirect Benefits from Induced Employment
Total Passenger Terminal Benefits

Actual benefits as a percent

0
2007
Year 1

2008
Year 2

0
0
0
0

0
0
0
0
0

0
0
0
654,227
2,731,296
4,295,811
2,731,296
4,295,811
0
0
654,227

0
0
0
683,230
2,789,075
4,386,687
2,789,075
4,386,687
0
0
683,230

0
0
0

0
0
0

0
0
654,227
0
0
654,227

0
0
683,230
0
0
683,230

Actual benefits as a percentage of estimated benefits

100.0%

2009
Year 3

2010
Year 4

2011
Year 5

2012
Year 6

2013
Year 7

2014
Year 8

2015
Year 9

0
0
0
0
0

0
0
0
0
0

0
0
0
0
0

762
435
458,139
368,166
826,305

1,627
927
977,844
368,166
1,346,010

2,603
1,484
1,564,527
368,166
1,932,693

3,700
2,109
2,224,034
368,166
2,592,200

0
0
0
719,400
2,849,964
4,482,454
2,849,964
4,482,454
0
0
719,400

0
0
0
757,872
2,914,134
4,583,382
2,914,134
4,583,382
0
0
757,872

0
0
0
798,463
2,981,767
4,689,755
2,981,767
4,689,755
0
0
798,463

1,635,339
7,622
762
839,185
3,053,054
4,801,876
1,314,000
4,078,932
2,461,997
1,790,669
6,734,812

1,635,339
16,268
1,627
881,983
3,128,197
4,920,062
1,314,000
4,236,240
2,498,018
1,793,266
6,824,874

1,635,339
26,028
2,603
926,964
3,207,410
5,044,649
1,314,000
4,399,005
2,539,053
1,793,266
6,920,650

1,635,339
37,000
3,700
974,240
3,290,919
5,175,993
1,314,000
4,560,834
2,592,078
1,793,266
7,031,922

0
0
0

0
0
0

0
0
0

458,139
368,166
826,305

977,844
368,166
1,346,010

1,564,527
368,166
1,932,693

2,224,034
368,166
2,592,200

0
0
719,400
0
0
719,400

0
0
757,872
0
0
757,872

0
0
798,463
0
0
798,463

1,635,339
7,622
839,185
2,461,997
1,790,669
6,734,812

1,635,339
16,268
881,983
2,498,018
1,793,266
6,824,874

1,635,339
26,028
926,964
2,539,053
1,793,266
6,920,650

1,635,339
37,000
974,240
2,592,078
1,793,266
7,031,922

2016
Year 10

2017
Year 11

2018
Year 12

Year 13

Year 14

Year 15

Year 16

4,737
2,701
2,847,477
368,166
3,215,643

12,907
7,358
7,758,098
368,166
8,126,264

19,211
10,952
11,547,346
368,166
11,915,512

26,178
14,924
15,735,348
368,166
16,103,514

33,863
19,305
20,354,852
368,166
20,723,018

42,325
24,129
25,441,065
368,166
25,809,231

51,626
29,432
31,031,840
368,166
31,400,006

1,635,339
47,372
4,737
1,023,926
3,378,962
5,314,468
1,314,000
4,735,209
2,644,221
1,793,266
7,144,123

1,635,339
129,067
12,907
1,070,002
3,491,575
5,491,587
1,314,000
4,876,125
2,793,038
1,793,266
7,420,712

1,635,339
192,106
19,211
1,118,152
3,600,020
5,662,150
1,314,000
5,014,901
2,933,270
1,793,266
7,672,133

1,635,339
261,779
26,178
1,168,469
3,715,000
5,842,993
1,314,000
5,165,342
3,078,651
1,793,266
7,937,504

1,635,339
338,631
33,863
1,221,050
3,836,922
6,034,752
1,314,000
5,320,842
3,236,832
1,793,266
8,225,119

1,635,339
423,248
42,325
1,275,998
3,966,215
6,238,106
1,314,000
5,481,588
3,408,734
1,793,266
8,536,584

1,635,339
516,258
51,626
1,333,418
4,103,339
6,453,776
1,314,000
5,647,777
3,595,338
1,793,266
8,873,618

2,847,477
368,166
3,215,643

7,758,098
368,166
8,126,264

11,547,346
368,166
11,915,512

15,735,348
368,166
16,103,514

20,354,852
368,166
20,723,018

25,441,065
368,166
25,809,231

31,031,840
368,166
31,400,006

1,635,339
47,372
1,023,926
2,644,221
1,793,266
7,144,123

1,635,339
129,067
1,070,002
2,793,038
1,793,266
7,420,712

1,635,339
192,106
1,118,152
2,933,270
1,793,266
7,672,133

1,635,339
261,779
1,168,469
3,078,651
1,793,266
7,937,504

1,635,339
338,631
1,221,050
3,236,832
1,793,266
8,225,119

1,635,339
423,248
1,275,998
3,408,734
1,793,266
8,536,584

1,635,339
516,258
1,333,418
3,595,338
1,793,266
8,873,618

Year 17

Year 18

Year 19

Year 20

61,834
35,252
37,167,859
368,166
37,536,025

73,022
41,630
43,892,839
368,166
44,261,005

85,268
48,611
51,253,747
368,166
51,621,913

98,741
56,292
59,352,363
368,166
59,720,529

1,635,339
618,339
61,834
1,393,421
4,248,780
6,682,527
1,314,000
5,819,613
3,797,694
1,793,266
9,238,059

1,635,339
730,218
73,022
1,456,125
4,403,058
6,925,177
1,314,000
5,997,307
4,016,927
1,793,266
9,631,875

1,635,339
852,677
85,268
1,521,651
4,566,722
7,182,590
1,314,000
6,072,621
4,362,691
1,793,266
10,165,624

1,635,339
987,409
98,741
1,590,125
4,740,361
7,455,690
1,314,000
6,265,593
4,616,458
1,793,266
10,622,597

37,167,859
368,166
37,536,025

43,892,839
368,166
44,261,005

51,253,747
368,166
51,621,913

59,352,363
368,166
59,720,529

1,635,339
618,339
1,393,421
3,797,694
1,793,266
9,238,059

1,635,339
730,218
1,456,125
4,016,927
1,793,266
9,631,875

1,635,339
852,677
1,521,651
4,362,691
1,793,266
10,165,624

1,635,339
987,409
1,590,125
4,616,458
1,793,266
10,622,597

Bamako-Snou International Airport & Industrial Park

Projected Cost Data

USD
AIRPORT
Capital Costs

Physical
18%

Price and Physical Contingency

Airfield
Passenger Terminal

Airfield (USD)
Runway
Extension
Overlay.
Taxiway
Connector(s)
Taxiway D
Taxiway E
Apron Passenger Overlay
Terminal Apron Expansion

Price

Year 1
0.65%
5.64%

Year 2
9.04%
17.68%

Year 3
43.98%
42.88%

Phase 1

Phase 2

Phase 2

Year 4
45.68%
33.41%

Year 5
0.65%
0.39%

OK
Year 4
8,588,452
3,987,754
4,600,698

Year 5
8,591,942
3,995,371
4,596,570

2,340,000
9,720,000
795,340

2,744,000
1,924,910

Airfield Security Road

Utility Costs
Security
Fire Vehicle
Equipment VOR/DME
Design & Management @ 20%
Environmental & Mitigation
Institutional Costs

1,743,720
6,348,290
117,756
90,000
385,000
5,241,803
551,413
460,000

Total Airfield
Terminal (USD)
Existing Terminal
Expand
Refurbish
New Terminal
Access Parking
Ancillary Parking
Utility Costs
Security
Equipment
Passenger Loading Bridge
Check in Counter
Check-in Baggage Belt
Baggage Claim Belt
Flight Info Display
Furniture and Fixtures
Passenger Buses
Design & Management @ 20%
Environmental & Mitigation
Institutional Costs

38,099,672

Total Terminal

44,693,013

36,168,442

1,066,000
1,356,000
17,688,000
830,000
290,596
6,625,716
232,124
1,050,000
400,000
300,000
400,000
150,000
0
390,000
6,155,687
598,588
540,000
42,474,242

2,000,000
Total Airport (with 18% contingency)
Operation & Maintenance Costs
With Airside (USD)
Passenger Terminal (USD)
Airfield ONLY (USD)

Year 1
8,572,904
3,959,911
4,612,993

Year 2
8,581,853
3,972,873
4,608,979

Year 3
8,585,090
3,980,255
4,604,835

Total
100.00%
100.00%

Allocation of "water supply sensitivity"-c69

36,168,442
46.0%
42,474,242
54.0%
0.0%

Year 6
8,595,564
4,003,111
4,592,453

Year 7
10,599,068
5,641,102
4,957,966

Year 8
10,602,964
5,649,091
4,953,873

Year 9
10,607,002
5,657,207
4,949,795

78,642,684

100.0%

Year 10
10,611,186
5,665,453
4,945,732

Year 11
10,678,936
5,737,731
4,941,205

Year 12
10,683,887
5,746,245
4,937,641

Year 13
10,689,028
5,754,897
4,934,131

Year 14
10,694,366
5,763,689
4,930,677

Year 15
10,699,904
5,772,624
4,927,280

Year 16
10,768,139
5,845,553
4,922,586

Year 17
10,774,094
5,854,781
4,919,312

Year 18
Year 19
Year 20
10,780,263 10,786,654 10,793,269
5,864,160
5,873,693
5,883,382
4,916,103
4,912,961
4,909,887

Summary

Bamako-Snou International Airport & Industrial Park

Projected Cost Calculation
USD

Actual costs as a percentage of estimat

AIRPORT
Capital Costs
Airfield
Passenger Terminal

Year 1
248,484
2,522,131

Operations & Maintenance Costs

AirField
Passenger Terminal

Year 2
Year 3
3,442,779 16,756,002
7,901,573 19,164,916

-4,014
12,962

-8,158
20,344

AIRPORT - Sensitivity Analysis

Capital Costs
Airfield
Passenger Terminal

248,484
2,522,131

Operations & Maintenance Costs

AirField
Passenger Terminal

0
0

AIRPORT - Sensitivity Analysis

Total Costs
Airfield
Passenger Terminal

248,484
3,635,534

4,205,685 17,537,810
8,814,173 20,111,933

MCA- Mali Administrative Costs

Airfield
Passenger Terminal
Total

949,149
1,113,403
2,062,551

766,920
899,638
1,666,558

MCA- Mali Administrative Costs

Airfield
Passenger Terminal
Total

38,099,672
44,693,013
82,792,685

46.02%
53.98%
100.00%

3,442,779 16,756,002
7,901,573 19,164,916

-4,014
12,962

-8,158
20,344

789,966
926,674
1,716,640

as a percentage of estimated costs

Year 4
17,403,922
14,930,269

-12,295
27,843

Year 5
248,484
174,124

-16,423
35,460

100.0%

Year 6
0
0

-20,540
43,199

Year 7
0
0

344,973
1,681,191

Year 8
0
0

340,881
1,689,180

Year 9
0
0

336,802
1,697,296

Year 10
0
0

332,739
1,705,542

Year 11
0
0

328,212
1,777,820

17,403,922
14,930,269

248,484
174,124

0
0

0
0

0
0

0
0

0
0

0
0

-12,295
27,843

-16,423
35,460

-20,540
43,199

344,973
1,681,191

340,881
1,689,180

336,802
1,697,296

332,739
1,705,542

328,212
1,777,820

18,166,882
15,867,529

1,097,543
1,224,841

-20,540
43,199

344,973
1,681,191

340,881
1,689,180

336,802
1,697,296

332,739
1,705,542

328,212
1,777,820

775,256
909,417
1,684,673

865,482
1,015,257
1,880,738

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

Year 12
0
0

324,648
1,786,334

Year 13
0
0

321,138
1,794,986

Year 14
0
0

317,684
1,803,778

Year 15
0
0

314,287
1,812,713

Year 16

309,593
1,885,642

Year 17

306,319
1,894,870

Year 18

303,110
1,904,249

Year 19

299,968
1,913,782

0
0

0
0

0
0

0
0

0
0

0
0

0
0

0
0

324,648
1,786,334

321,138
1,794,986

317,684
1,803,778

314,287
1,812,713

309,593
1,885,642

306,319
1,894,870

303,110
1,904,249

299,968
1,913,782

324,648
1,786,334

321,138
1,794,986

317,684
1,803,778

314,287
1,812,713

309,593
1,885,642

306,319
1,894,870

303,110
1,904,249

299,968
1,913,782

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

0
0
0

Year 20

296,894
1,923,471

0
0

296,894
1,923,471

296,894
1,923,471

0
0
0