All of the valuations discussed below rely upon certain general assumptions, listed below.
■ Concessionaire assumes responsibility for payment of all operating and maintenance expenses associated with the Bridge.
■ Concessionaire assumes responsibility for a set capital expenditures, to include base year expenditures of $1 million growing at 2.5% per year.
■ Base year depreciation will offset capital expenditures, with additional accelerated depreciation over 39 years based on estimated purchase price