Giurgiulesti Free Economic Zone (G-FEZ) Overview. June 2014

Transcription

1 Giurgiulesti Free Economic Zone (G-FEZ) Overview June 2014

2 Content Owner and Management of Business Park Free Economic Zone & Free Trade Areas Location Infrastructure Connections Human Resources Utilities Site Map Offer

3 ICS Danube Logistics SRL General Investor and Operator of Giurgiulesti International Free Port Multi-modal Logistic Service Supplier Host Investment Agreement A wholly-owned subsidiary of Danube Logistics Holding BV (The Netherlands)

4 Activities Port Operation - Giurgiulesti International Free Port Short-Sea / River Shipping Inland Transportation Forwarding Business Park

5 Giurgiulesti International Free Port Black Sea & Danube River Port Location: km / mile 72.2 of the river Danube Multi-modal Logistic Centre Business Park Entitlement for 120 ha of land (leased for 99 years) Free Zone Status until 2030

6 Facilities Oil Product Terminal Vegetable Oil Terminal Grain Terminal Dry Bulk Cargo Terminal Container & General Cargo Terminal Mixed-gauge Rail Terminal (under construction) Ro-Ro Terminal (under construction) Business Park Total Investment to Date: > USD 75m

7 Management of G-FEZ Experienced, multi-national management team Extensive experience in: Real estate development Project management Tax Finance

8 Free Zone Regime Free Zone Regime & Incentives until 2030 Exemption from import/export duties, VAT and excise taxes Exemption from VAT for goods and services received from territory of Moldova Exemption from import duties into the rest of Moldova for goods that originate from G-FEZ 75% reduction of corporate income tax during the first 10 years of operation (i.e. 3% instead of 12% in 2014) 50% corporate income tax reduction until 2030 (i.e. 6% instead of current applicable 12%)

9 Free Trade Regimes Autonomous Trade Preferences (ATP) with EU Initialized Agreement for Deep and Comprehensive Free Trade Agreement (DCFTA) with EU Central European Free Trade Agreement (CEFTA) with countries of the Western Balkans CISFTA: Russia, Ukraine, Belarus, Armenia, Kazakhstan; yet to be ratified by Kyrgyzstan and Tajikistan Bi-lateral Free Trade Agreements with CIS countries Azerbaijan, Georgia, Kyrgyzstan, Uzbekistan WTO member since 2001

10 Location EU Border UKR Border Distance 0.5 km 0.5 km

11 Regional Road Distances Chisinau, MD Balti, MD Bucharest, RO Ploesti, RO Buzau, RO Focsani, RO Barlad, RO Bacau, RO Iasi, RO Galati, RO Reni, UKR Distance 226 km 336 km 242 km 209 km 140 km 104 km 114 km 202 km 239 km 17 km 8 km

12 Interregional Road Distances Chisinau, MD Bucharest, RO Kiev, UKR L viv, UKR Minsk, BY Moscow, RU Krakow, PL Budapest, HU Vienna, AT Belgrade, RS Ruse, BG Istanbul, TR Distance 226 km 242 km 686 km 776 km 1,238 km 1,532 km 1,106 km 999 km 1,283 km 854 km 316 km 749 km

13 TRACECA Transport Corridor Europe Caucasus Asia Giurgiulesti is TRACECA port TRACECA road connection: M3 (E584) to Chisinau will be finished by 2015

14 Transport Links EU and CIS road network / E584, E87 Rail connection to EU and CIS rail networks via GIFP s Mixed- Gauge Rail Terminal Direct access to sea and river transportation at Giurgiulesti International Free Port Weekly Container Feeder Service to Constanta Proximity to international airports in Bucharest, Chisinau Ideal location for production and distribution of goods to Central and Eastern European and CIS markets

15 Human Resources Market Unemployment rate in the region: 5.6% Employment rate in the region very low: 38.4% - Romania 59%, EU aims for 75% in 2020 Return of emigrated work force from Russia - enforcement of laws in Russia - finalization of construction sites in Sotchi Predominant Romanian speaking and bilingual Romanian- Russian work-force

16 Human Resources Catchment Area Moldova 100,000 Romania 430,000 Ukraine 150,000

17 Human Resources Market Study Summary, work force research of Cahul-Giurgiulesti-Vulcanesti region, Nov.2010 no. locality population able-bodied population attendance at company presentation no. of questionnaries - applicants 1 Cahul Lebedenco Pelinei Gavanoasa Alexandru Ion Cuza Crihana Veche Manta Vadul lui Isac Colibas Brinza Valeni Slobozia Mare Cislita Prut no presentation Giurgiulesti Vulcăneşti no presentation no presentation 16 Cişmichioi no presentation no presentation 17 Etulia no presentation no presentation total

18 Actual Salaries in MDL p.m. in p.m. Worker non-qualified 3, Worker qualified 6, Operator CNC machine 9, Head workman, foreman 10, Director of production 22,171 1,267 - salaries for Moldovan employees - minimum monthly salary is MDL 1,100 / 63 - average monthly salary is MDL 4,225 / = 17.5 MDL

19 Transport for Employees Bus shuttle service - currently 8 times a day (4/4) - organized by each respective company Regular bus service from Cahul to Giurgiulesti - stops in every village - 1 hour transit time - earliest arrival in Giurgiulesti at latest departure from Giurgiulesti at fare: 25 MDL (1.43 ) Passenger train between Cahul and Giurgiulesti - fare: 5 MDL (0.29 )

20 Utilities: Electricity Newly constructed 110 kv substation 0.4 kv / 10 kv electricity connections 10 MW power Tariffs: Tariffs w/o VAT < 0.4 kv 6 10 kv kv Lei / kwh cent / kwh

21 Utilities: Gas Supply Provided by Cahul Gaz Low, medium, and high pressure gas connections - low pressure: < MPa - medium pressure: > MPa - high pressure: > MPa Capacity: 550 m³ / hour Tariffs: Tariffs w/o VAT Low Medium High Lei / m³ cent / m³

22 Further Utilities Water - Newly constructed fresh water wells - Capacity 17 m³ / hour, water pressure 1.5 bar - Tariff (Apa Canal Cahul): Lei / m³ 27.97; / m³ 1.60 Sewage - Assignment of service by tenant (collecting tank and delivery by truck) - Connection to public sewage network within next few years Telecom - Fiber-optic cable connection Site will be connected to road networks and utilities

23 G-FEZ Masterplan

24 Giurgiulesti Free Economic Zone SEIZE THE OPPORTUNITY