logistic and intermodal transport in serbia conference on logistic belgrade, 5 june 2012 01-06-2011
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Logistic and Intermodal Transport in Serbia
Conference on Logistic
Belgrade, 5 June 2012
01-06-2011
Task A: Market analysis and location selection (8 Working papers)
– selection of location– traffic and market study
Task B: Defining of the institutional framework and promoting the concept of terminal (7 Working papers)
– institutional awareness – terminal concept defined– Workshops and Study tours
Task C: Preliminary design, feasibility studies and preparation of tender dossier (4 Working papers, Preliminary design and Tender dossier)
- design documentation and tender dossier- economic and financial analysis
Project
Logistic chain
Traffic and market study
Envisaged routes: • 3 to 5 trains/week on relation with Rijeka (with antenna
service to Koper) • 2 trains/week to Bar• 2 to 3 trains/week to Germany• 2 to 3 trains/week to Italy• 2 trains/week to Poland/Romania• 2 trains/week to Montenegro• 2 trains/week to Russia?
2-3 trains per day
VrcinVrcin
Pancevo
Pancevo
Ada HujaAda Huja
Pancevacki
RitPancevacki
RitZemunZemun
Bata
jnic
aBa
tajn
ica
Star
a Pa
zova
Star
a Pa
zova
SurcinSurcin
Dob
anov
ciD
oban
ovci
MakisMakis
Selection of location
7
2 loading/unloading trackstruck loading lanehandling areareach stackertemporary storage area
Reverse track
Loading tracks
InboundOutbound
1010 m
Terminal: I phase
Terminal: II phase
II a4 loading/unloading tracksgantry crane
II b4 loading/unloading tracksGantry crane“drive trough” terminal
Phase 1 Unit Costs
Preliminary works 751 600 €
Terminal construction costs 10 759 175 €
Access roads costs 1 038 263 €
Railway connection costs 558 358 €
Investment costs 13 107 396 €
Planning and supervision costs (7%) 7% 917 518 €
Contingencies (10%) 10% 1 310 740 €
Total investment 15 335 654 €
Land expropriation costs (145 ha) 3 594 137 €
Total investment (including land costs) 18 929 791 €
Construction costs BIT (phase 1)
Input data Values
Analysis period 20 years
Discount rate 5%
GDP growth 3% per year
Output data Values
IRR 13.21%
NPV 17.09 million €
Results of CBA
Basic case: 12 trains/week
The investment is no longer economically justified for 7 trains/week!
Results of financial analysis – Business plan
- Income statement is positive from 2018
- 26 % ROE
- EU donation is essential to achieve this result
- Minimum number of trains for financial justification is 8 trains/week!
2013 2014 2015 2018 2022 2024Investment 8 000 000 12 000 000 200 000 Revenues 0 247 959 1 272 556 2 501 802 3 491 091 3 684 552 Costs 143 304 569 098 1 750 626 1 904 741 2 164 189 2 311 490 C/R (%) 2.30 1.38 0.76 0.62 0.63 Operating Profit -143 304 -321 139 -478 070 397 061 1 326 902 1 373 062 Amortisation 0 0 270 000 270 000 320 000 320 000 NET PROFIT -143 304 -321 139 -748 070 127 061 1 006 902 1 053 062 Corporate tax 0 0 0 12 706 100 690 105 306 Result after profit tax -143 304 -321 139 -748 070 114 355 906 212 947 756 Cashflow -143 304 -464 443 -942 513 -278 642 2 965 084 5 562 872
Functional structure
2 functionally independent and separate entities are created under the public company structure
22 employees in Terminal Operator, 8 is Site Development Company
Future tasks
Preparation of urban planning documentation for construction
Application for IPA 2013
Creation of future logistics platform
Attraction of logistic companies and investments
Creating of new jobs
Cooperation
MoIE and City of Belgrade have nominated Beoland as project investor
Preliminary design was submitted to Investor by Consultants
Investor will deal with all investor issues and land expropriation
EU/IPA financing, budget of RS and City of Belgrade
Framework and basic principles of cooperation for project implementation were defined
Creation of public company (Republic of Serbia and City of Belgrade)
Future terminal and logistics zone
Logistcs zone
BIT
THANK YOU
Miodrag PoledicaMinistry of Infrastructure and Energy
poledica@mi.gov.rs011/3616-613
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