The project is projected to generate substantial long-term gross revenues, but investor returns will depend on commercial assumptions, operating costs and the capital structure around the assets.
The current revenue forecast represents gross direct revenues generated through port and terminal/operator activity. These revenues do not represent distributable cash flow or investor returns, which will depend on operating costs, financing, ownership economics and capital recovery.
| Phase | BPA port revenues | Terminal operators revenues | Total gross direct revenues |
|---|---|---|---|
| Phase 1 | $674M | $1.895B | $2.569B |
| Phase 2 | $2.299B | $3.633B | $5.932B |
| Total | $2.973B | $5.528B | $8.501B |
Project sponsor and intended owner of the core infrastructure.
Intended operator / licensee, with commercial agreements for terminal services.
Define investment vehicle, asset perimeter, rights and cash-flow entitlement.