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Groupe ADP 2027-2034 经济监管协议提案

2025年12月12日 10:56 33 Comments
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提案的背景和关键要素 Groupe ADP1 与整个法国航空业一样，目前面临着紧迫而艰巨的挑战：成功实现该行业脱碳、应对...Groupe ADP 2027-2034 经济监管协议后提案首先出现在 AeroMorning 上。

来源:AeroMorning

发布者：Aeromorning 2025 年 12 月 12 日

提案的背景和关键要素

  • Groupe ADP, like the entire French aviation sector, is currently facing urgent and demanding challenges: successfully decarbonising the sector, tackling increased competition between hubs against a backdrop of regulatory and fiscal pressure in France, continuing to develop and support traffic growth, albeit more moderate, and increasing the attractiveness and distinctiveness of its hubs compared to its competitors.
  • Groupe ADP 计划通过前所未有的 84 亿欧元投资计划，在该行业转型中发挥关键作用。其核心使命是以长期愿景进行投资和发展，同时承担为未来做好准备并为所有人创造价值的责任。
  • Groupe ADP is therefore proposing an industrial project based on an acceptable approach to development, one which is more efficient, more modular and more progressive, while also strengthening the competitiveness of the Paris airport market.
  • 该项目要求很高，有针对性的开发分阶段进行，需要八年时间才能取得圆满成功。 To enable the proposed investments to be made, Groupe ADP is proposing to enter into an Economic Regulation Agreement (ERA), covering the 2027-2034 period, to provide visibility and stability for all stakeholders.

    • As stipulated by law, in order to be economically viable, the project must provide for a fair return on the capital employed for the regulated scope, i.e., it must be profitable without excess return. Accordingly, the proposed 2027-2034 ERA aims for convergence between the regulated return on capital employed (regulated ROCE) and the weighted average cost of capital for this scope (regulated WACC) at 5.9% on average over the term of the Agreement.

    该提案基于：

  • 平均流量增长假设为每年 1.6%；
  • 保值和分担多年承诺固有风险的额外措施。

    • 菲利普·帕斯卡，

    平均流量 风险 分担 hubs 所有人 capital Groupe 背景 ADP 需要 between 12 针对性 承诺 regulated 帕斯卡 提案 more 进行 return 有风险的 关键作用 sector 投资