Toronto Port Authority announces improving financial performance and independent survey results



    Federal agency continues community dialogue at 2008 annual meeting

    TORONTO, Sept. 11 /CNW/ - The Toronto Port Authority's financial
performance improved dramatically in 2007, it announced today at its annual
meeting. Port revenue increased 20% during the 2007 fiscal year compared to
2006, while revenue from the Toronto City Centre Airport increased by 333%.
    Also, a new public opinion poll indicates that Toronto citizens support
the TPA's role in keeping the harbour clean and safe, and are also supportive
of making improvements to the Toronto City Centre Airport, which the TPA
manages.
    Conducted by POLLARA, the poll reveals that 77% of those with an opinion
had a favourable (28%) or fair (49%) impression of the Toronto Port Authority.
Also, approximately 60% of Toronto residents support making improvements to
the Toronto City Centre Airport to handle more commercial passenger
flights-half of this figure "strongly supporting" such a move.
    "We are performing duties that Torontonians want us to perform, and we
are performing them well," says Mark McQueen, chairman of the TPA's board of
directors.
    The Toronto Port Authority reported an operating loss of $1,877,000 - an
improvement of almost 70% when compared to 2006 losses, which stood at
$6,098,000.
    "Other than the Toronto City Centre Airport, each line of business turned
an operating profit in 2007. Our investment in the Toronto City Centre Airport
continues to bode well for the overall profitability of the TPA," says Alan
Paul, the TPA's Acting President and Chief Executive Officer. "But we aren't a
one-trick pony, and are committed to building and enhancing our business
relationship with the entire harbour community."
    In response to the concerns expressed by members of the harbour community
about noise levels emanating from the TCCA, the TPA, in partnership with
Jacobs Consultancy Canada, has embarked on a Noise Management Program that
should help mitigate the ambient noise that may affect the quality of life of
residents living near the airport.
    Most Torontonians indicated that the aircraft noise at the Toronto City
Centre Airport is not a concern. Eighty-six per cent of Torontonians say that
they don't hear any noise from the Toronto City Centre Airport, and 59% say
that the noise levels do not have any impact whatsoever on their quality of
life. The TPA is committed to ensuring that the concerns voiced by some
neighbours of the Toronto City Centre Airport are addressed wherever possible,
and have begun to assess fines against Porter Airlines for violations of the
Tripartite Agreement.
    The TPA has also extended an open hand to Mayor David Miller and Toronto
City Council in an effort to ensure that the TPA is apprised of any and all
community concerns. The TPA is looking forward to welcoming the City of
Toronto's TPA board appointee in the near future. The City recently announced
that it would nominate a member to the Board, filling a seat that had been
left vacant for several years.
    "The TPA is more than a business, it's a member of the community. We are
striving to do all that we can to improve the harbour facilities and
maintenance under our management for the enjoyment of the entire community,"
Mr. McQueen said. "We welcome constructive input from the community in how we
can improve the quality of life of members of the harbour community."
    Also on display at the annual meeting was an exhibition of artwork by
local elementary school students reflecting on what they enjoy about the
harbour community.

    The Toronto Port Authority was incorporated on June 8, 1999, as a
government business enterprise under the Canada Marine Act as the successor to
the Toronto Harbour Commissioners. It is a federal public authority providing
transportation, distribution, storage and container services to businesses.
The TPA owns and operates the Toronto City Centre Airport, Marine Terminals 51
and 52, and the Outer Harbour Marina. The TPA also provides regulatory
controls and public works services to enhance the safety and efficiency of
marine navigation and aviation in the port and harbour of Toronto.
    Further information, including the 2007 financial report, is available on
the TPA website at www.torontoport.com.


    2008 POLLARA survey highlights

    Methodology
    -----------

    
    -   Sample of 501 respondents interviewed by telephone from August 22-26,
        2008, in the City of Toronto
    -   Margin of error of +/- 4.4%, 19 times out of 20

    Highlights
    ----------

    -   75% of Torontonians visit the waterfront at least once a year
    -   64% see waterfront revitalization going in the "right direction"
    -   77% of those who express an opinion say they have a favourable (28%)
        or fair/neutral (49%) impression of the TPA; 31% of those surveyed
        don't have an opinion
    -   65% said their impression of the TPA improves when they're told of
        its role protecting wildlife in the harbour
    -   61% said their impression of the TPA improves when told of its role
        cleaning up pollution
    -   56% said their impression of the TPA improves when told of its role
        ensuring boat safety in the harbour
    -   56% agree the TPA has a vital role ensuring the environmental well-
        being of Toronto
    -   52% agree the TPA should help manage sustainable growth of Toronto
    -   49% agree the TPA provides important economic benefits to Toronto
    -   62% are familiar with the Toronto City Centre Airport; 35% not
        familiar
    -   86% of those familiar with TCCA don't hear airplane noise; 12% can
        hear noise
    -   59% of those who hear noise say it has no impact at all on their
        life; 32% say it has a somewhat negative impact; 8% say it has a very
        negative impact
    -   60% of Torontonians support making improvements to TCCA to handle
        more commercial flights; 32% oppose improvements


                                                For more information contact
                       Craig Worden, Vice-President, Public Affairs, POLLARA
                                                                416-921-0090
    





For further information:

For further information: Alan J. Paul, Toronto Port Authority, (416)
863-2082


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