Administrative Expenses:
Administrative expenses accounts for one of the maximum share in total expense of the Airport. By the end of 2013, the actual administrative expenses were $73950. The list of expenses that are part of Administrative Expenses are: Referring to Phase I, assuming inflation growth of 1.15 per year, the total administrative expense by the end of Phase I were $549658. Similarly, during Phase II and final Phase, the administrative expenses amounted to $610035 and $677044, respectively. Overall, all the projections were carried out assuming an inflation rate of 1.15%.
Liability Insurance Expenses:
The total liability insurance expense of the company ...
