Info Report Check
Submission incomplete:
1: The DOE is requested to describe the steps taken to assess the equations applied to calculate the baseline/ project emissions, leakage and emission reductions as per the chosen methodology as per VVM v1.2 paragraph 92.
In particular, the validation report shall clarify how the expansion factors and its applications in the calculation of the baseline emission in the spreadsheet were validated.

2: The DOE is requested to provide information on the steps taken to validate the actions taken to secure the CDM status between the project starting date and the start of validation as per EB 49 Annex 22 paragraph 8 b.
In particular, the DOE shall clarify: i) whether and when the project participant signed any contract with the CDM consultant; and ii) if "CM Project developer" with which the project participant signed the contract on 8 December 2009 is same entity as the CDM consultant.

3: The DOE is requested to include information on how it has validated the input values to the financial calculations as per VVM v 1.2 paragraph 114 (a).
The DOE shall clarify how it has validated: a) the "risk factor" of 68%, related to the reduced revenue due to the passenger shortfall, to be conservative in line with the second paragraph of page 6 of ACM0016 version 2 which requires to take "the lower end of the range of cost-overruns or reduced revenues"; and b) the "historic experience" used to estimate the subsidy on the operational cost. If any of above input values are revised, sensitivity analysis shall be conducted to reflect the changes.