Tbilisi International Logistics Centre
Tbilisi International Logistics Centre
Tbilisi International Logistics Centre
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<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
"<strong>International</strong> <strong>Logistics</strong> centre at the <strong>Tbilisi</strong> Aircraft<br />
Manufacturing plant and Veli Terminal - Main results of the<br />
feasibility study"<br />
Andreas Schoen, Team leader<br />
04 May 2011<br />
<strong>Tbilisi</strong>, Georgia<br />
A project financed<br />
by the European Union<br />
This project is implemented by<br />
egis <strong>International</strong> and Dornier Consulting
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Feasibility Study was conducted by the EU-funded TRACECA Project<br />
“<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s for Western NIS and the Caucasus”<br />
February 2009 – March 2011: 6 Studies in five countries<br />
Main components:<br />
• Market assessment and functional design<br />
• Master – plan<br />
• Staff and qualification needs assessment<br />
• EIA<br />
• Business plan for the owner/operator<br />
• Cost – benefit Analysis
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Project at a glance<br />
Region:<br />
Country:<br />
Location:<br />
Area:<br />
Caucasus<br />
Georgia<br />
<strong>Tbilisi</strong><br />
63 ha<br />
Mode: Multimodal (Road/Rail/Airport)<br />
Investment: EUR 41.3 million<br />
Status: Under development<br />
Promoter: Government
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Project at a glance
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Project at a glance<br />
The main objective of the planned logistics centre is to<br />
provide integrated logistics services and to develop a<br />
logistics hub to cover the industrial centre and catchment<br />
area of <strong>Tbilisi</strong>.<br />
The TAM land plot and the envisaged cooperation with Veli<br />
Railway Container Terminal offer an option for the ILC to<br />
provide trimodal transport access, as well as potential<br />
benefits from synergy effects.
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Project at a glance<br />
The ILC would have the following functional components:<br />
• Container Terminal.<br />
• Container Depot.<br />
• Container Services <strong>Centre</strong>.<br />
• ILC Service <strong>Centre</strong>.<br />
• <strong>Logistics</strong> Service Facilities.<br />
• TIR Parking.<br />
• <strong>Logistics</strong> Intensive Industries and Trade.
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Overall Master Plan
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Overview Capex – Total of Development Stages 1-3<br />
Pos. Construction measures Investment [€]<br />
A Construction site preparation 9 633 000<br />
B Infrastructure 9 413 000<br />
B1 Transport infrastructure 6 680 000<br />
B2 Utility infrastructure 2 734 000<br />
C Transhipment and storage areas 3 105 000<br />
D Buildings 11 510 000<br />
E Handling equipment and facilities 1 110 000<br />
F Safety and Security 375 000<br />
G Other Facilities and Installations 778 000<br />
subtotal (Pos. A - G) 35 924 000<br />
H1 Planning, Surveying, Soil Investigation 3 592 000<br />
H2 Contingency 1 796 000<br />
total (Pos. A - G and H1 + H2) 41 313 000
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Project attractiveness<br />
The project is profitable, with a financial internal rate of return<br />
(FIRR) of 14%pa (nominal).<br />
First proposed financing plan (with a NIF grant supplementing IFI<br />
lending) : rate of return: 16%pa.<br />
Second financing plan (with a substantial contribution to<br />
infrastructure construction costs bythe Georgian Government):<br />
rate of return to the owners/operators: 24%pa.<br />
The Consultant believes that the lower rate of return is close to the<br />
minimum that a prudent private investor would find interesting. The<br />
higher rate should certainly attract investor interest.
<strong>International</strong> <strong>Logistics</strong> <strong>Centre</strong>s in Western NIS and the Caucasus<br />
<strong>Logistics</strong> Processes and Motorways of the Sea II<br />
EuropeAid/130367/C/SER/Multi/TRACECA<br />
Steps Forward<br />
• Project is commercially viable for the operator and worth supporting<br />
from a public perspective<br />
• Determination of framework conditions for ILC development<br />
• External transport infrastructure and access to utilities<br />
• Promoting railway and road access<br />
• Further negotiations with interested stakeholders to attract an<br />
international operator<br />
• Determination of specific contract conditions and models<br />
• Marketing and promotion of the project<br />
The Project <strong>Logistics</strong> Processes and Motorways of the Sea II will<br />
support the development over the next three years.
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