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 />
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.
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