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MARVELE CARGO PORT IN KAUNASConcession Project2015 March
#1GDP/Capitagrowth in EU
Population
Real GDP growth
Inflation
Membership
Currency
3 million
2013 – 3.2%2014 – 2.9%2015f – 3.1%
2013 – 1.2%2014 – 0.2%
EU and NATOOECD from 2017
Euro
f - forecastStatistics LithuaniaEurostat, 2004-2013World Bank Doing Business Report, 2015OECD - The Organisation for Economic Co-operation and Development
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Lithuania: Key Facts
#10 For ease of doingbusiness in EU
Russia
Czech Republic
Sweden
UnitedKingdom
SpainPortugal
France
GermanyBelgium
Netherlands
Denmark
Finland
Ireland
Italy
SlovakiaMoldova
Slovenia
Austria
Latvia
Belarus
Ukraine
Estonia
Poland
Lithuania
Bulgaria
Serbia
Montenegro
AlbaniaMacedonia
Bosnia andHerzegovina
Romania
Greece
Croatia
Turkey
Norway
Iceland
HungarySwitzerland
KaunasFEZ
PalemonasIntermodalCenter
Rail Baltica(planned)
Eastern wide gauge railways
KaunasReservoir
Via Baltica
Vilnius
SiauliaiKlaipeda
Kaunasairport
KaunasMarvelecargoport
Credit Info, 2014 Statistics Lithuania 3
Kaunas – Lithuania’s Industrial Heartland
• 19 out of the 100 largest Lithuaniancompanies are located in Kaunas district
• 20% of Lithuanian GDP
• 62% of regional produce is exported
• EUR 2.6 billion worth of exports per year
• 534 ha Free Economic Zone (FEZ)
Top export countries
Germany United Kingdom Sweden France
Anhydrite deposit
* by 95 percent probability of the lowest water levelSource: 2005-2014 (9 years) period data from Lithuanian Inland Waterways Authority (LIWA)In general, uninterrupted navigation is possible with a depth of not less than 140cmFEZ – Free economic zone
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Kaunas FEZ
Kaunas airport
Klaipeda
Kaunas
minimum maintained depth* 1.5 mminimum maintained depth* 1.2 m
navigation 24 hnavigation 24 h (from 2020)water level monitoring stations
Distance – 83.4 kmWidth – 30 mTurning radius – 250 m
Russia
Cargo Route – Waterway E-41 (Klaipeda-Kaunas)
Rusne
Marve
le ca
rgo p
ort
TilzeJo
naici
ai
A. Raz
vilka
Baltup
enai
Smalinin
kai
Mituva
Jurba
rkas
Molyne
Lampe
dziai
bridg
e
Kulautu
vaPastuv
a
Baland
ziai
Grauze
nai
Ragain
e
Average depthMaintained depth
Lithuania
Distance – 126 kmWidth – 40 mTurning radius – 350 m
0
20
40
60
80
100
120
140
160
180
200
220
240
260
280
300Total distance Kaunas - Klaipeda: ~260 km
5
Background and Motives for the Port Development
Importance of inland waterway transport
• Before the 1990s, over 1.5 million tonnes of freight weretransported annually via the Nemunas
• 1 million tonnes per year potential turnover for cargo port
Strong political support
• Dedicated budget to maintain access roads to port• Commitment to ensure stated Nemunas fairway depth
Increasing pressure to reduce inland freight transportedby trucks in Lithuania, because of:
• Road congestion• High number of road accident casualties• High level of CO2 emissions• Increasing air pollution
40 trucks
1,000 t
1 self-propelled barge
1,000 t
Anhydrite Mining Project in Pagiriai, Lithuania. 2011
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Anhydrite Extraction
Potential yearly extraction:
• Over 0.4 million tonnes of crushed anhydrite• 6,700 cubic meters of dimension stone
Current status: negotiations with investorsExpected project start: 2015 Q4Planned: anhydrite industrial production facilities in Kaunas FEZ
OperatorUAB “Margasmiltė”
KaunasReservoir
KUN
KaunasMarvelecargoport
Anhydrite deposit
14 km
325 million tonnes(80 million cubic meters) deposit
150 yearsminimum deposit extraction lifetime
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Port Development
Contract type
Contracting authority
Key dates
Project duration
Planned infrastructure
Capital investment
Financing
Concession, DBFMO
Ministry of Transport and Communications
June 2015 – Tender announcementMarch 2015 – Market soundingFebruary 2014 – Government approvalDecember 2012 – Completed feasibility study
Max 25 years
Quay extended 80 mInternal roads and engineering networkCargo handling equipmentWarehouses
EUR 11 million
Financing structure proposed by bidder
Traditional procurement
Lithuanian Inland Waterways Authority
July 2015 – Completion
-
120 m long quayAccess roadStorage platformEngineering network
EUR 2.5 million
European Regional Development FundState budget
Stage I Stage II
Nemunas river
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Stage I – Infrastructure to be Transferred
Engineering networks• Water supply – 0.5 km• Drainage – 0.5 km• Domestic sewage – 0.5 km• 0.4 kV electricity – 0.4 km• Lighting – 0.4 km
190 m
150 m
8-12 m
PlatformConcrete blocks - 5,377 m2
Reinforced concrete blocks - 1,122 m2
Altitude 23 m
Altitude 22 m
100 m
20 m
14 m39.2 kN/m2
53 m58.8 kN/m2
Stage II Optional
Minimum infrastructure
• Administration building(temporary or permanent)
• Truck scales• Waste container• Site security system• Telecommunications• 1 crane• 1 container loader• Documentation for safe
port operation
Load/unload capacity
• Up to 6 barges in 24 hours
Development phase I(Minimum requirements)
• 80 m extended quay• 10,000 m2 hard surfaced loading bay• Access to the river for firefighter
trucks
Indicative specification
• 5,000 m2 of roads• 0.5 km water supply network• 0.5 km drainage network• 0.3 km electricity supply network• 0.3 km lighting network
Load/unload capacity
• Up to 9 barges in 24 hours
Development phase II(Subject to discussions)
• Covered warehouses• Permanent administration building• Other infrastructure for necessary
operations
Development phase III(Subject to concessionaire‘s offer)
• Available once phase I andphase II successfully completed
• Further development of port might involve:
• cargo• marina
Concession – Scope and Timing
9
Contract signed
6 months 3 years 5 years
Terms negotiatedTerms negotiated
Minimuminfrastructure Development phase I Development phase II Development phase III
Completionof phase II
Nemunas river
Stage II – Expectation
10
Minimum capacity• 68,344 TEU/TEU2 per year load/unload• 9 barges (or 700 t) load/unload per 24 hours• 267,452 TEU/TEU2 per year storage infrastructure
Minimum infrastructureDevelopment phase IDevelopment phase II
Administration building
WarehouseRiver access for fire fighters
Optional – Development Phase III
Reserved territory (10.7 ha) could be dedicatedto cargo port expansion or recreational activities*
Steps to be completed first
• Assessment of environmental impact• Detailed plan and technical
documentation (approx. 1 year)
Option I - cargo
• Total quay length – 480 m• Area of platforms – 8.5 ha
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*The feasibility of activities in the reserved territoryshould be identified during the environmentalimpact assessment.
Nemunas river
Nemunas river
Optional – Development Phase III
Option II - recreational
• Total quay length – 280 m• Area of platforms – 1.65 ha• Port water area – 2.9 ha
12
Investor Selection
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Economic and financial Positive1.0 as of last yearEUR 13 million
Prequalification criteria Minimum requirementThe candidate shall meet
Net profit in last 3 yearsEquity to debt ratioCapability to finance project
Technical and professional
1 managed and completed1 operated in last 3 years
TBD*TBD*
EMAS, ISO 14001 or equivalent certificate
LST EN ISO 9001, LST EN ISO 9002, LST EN ISO 9003 or equivalent certificate
Experience in:
• Management of the construction of the harbour(s)• Harbour(s) operation
Qualification:
• At least 2 certified construction managers
• At least 1 certified design manager
Track record
• At least one port developed in last 5 years• At least one port operated in last 3 years
Technical capability to apply environment protection measures
Quality management standards adopted
3 years of construction manager experience in projects of the exceptional significance (harbours)3 years of design manager experience in projects of the exceptional significance (harbours)
* to be determined after market sounding
Most Economically Advantageous Tender
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PRICE
QUALITY
20%
80%
5% Minimum infrastructure creation term
75% Fixed concession fee
25%
5% Development phase I completion term
10% Length of quay extended during Development phase I
10%
20% Development phase II completion term
10%
40% Comprehensiveness of technical specification
Variable concession fee based on revenue level
Size of hard surface quay area constructed during Development phase I
Combined area of administration and storage buildings
Indicative Tender Schedule
15
Contract award
Concession competition notice2 months
1 month
2-3 months
2 month
1-2 months
2 month
2 month
3-4 months
PQQ
PQQ Assessment
Preliminary Solution Preparation
Preliminary Solution Assessment
Binding Solution Preparation
Binding Solution Assessment
Negotiation
Final Arrangements andFinancial Close
Partnership Scheme
16
Ministry ofTransport And
Communications
Contracting authority
Investor
Bidder
ConcessionContract
Special PurposeVehicle Ltd.
Project implementation
Users of theInfrastructure
ProjectAdministrator
CommercialBanks
InternationalFinancing
Institutions
InvestmentFunds
PrivateInvestors/
Shareholders
Manages contract
Provide funding
Pay for services
Providesservices
Assigns ports infrastructure
Assigns contract management rights
Concessionaire
Next Steps
17
2015 MarchDraft tender documentationprepared
2015 JuneTender announced
2015 MayTender documentation finalised
2015 JulyStage I completed
2015 MayMarket sounding completed
2015 MarchMarket sounding initiated
2015Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Q1 Q2 Q3 Q4
Dec
2011 2012 2013
Project Timeline
18
2014 2015 2016
Assessment of environmental impact completedLand lot registered Detailed plan approvedTechnical project preparedTechnical project examination conductedConstruction permits issued
2015 07 01Stage I completion
2015 06 01Tender announcement
2015 05 08Market feedback
2016 12 01Operator selected
2012 12 17Feasibility studycompleted
2013 07 18Project approved byPPP commission
2014 02 12Project approvedby Government
2013 05 09Project approved byMinistry of Finance
