Republic of Kosova Ministry of Economy and Finance. CAPACITY BUILDING CONFERENCE ON PUBLIC PRIVATE PARTNERSHIP (PPPs)

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1 Republic of Kosova Ministry of Economy and Finance Presentation By: Donat Alaj Partnerships Kosovo CAPACITY BUILDING CONFERENCE ON PUBLIC PRIVATE PARTNERSHIP (PPPs) Zagreb, Croatia February, 2011

2 PRISHTINA INTERNATIONAL AIRPORT (PIA) BACKGROUND Prishtina International Airport is the only commercial Airport in the Republic of Kosovo. It began functioning in 1965 and was originally designed to be used mainly as military airport From 2000 to 2008 PIA was operated under the supervision of Iceland Civil Aviation authorities, since 2009 the Airport has been operated by PIA JSC, a company wholly owned by the Government of Kosovo. Over the past 10 years, PIA JSC has invested over 50 million to rehabilitate and modernize the Airport s infrastructure however its infrastructure remains in dire need of significant capital investments PIA has more then 1.3 M passengers yearly; with over 35 aviation companies, serving over 21 destinations and providing direct flights to many of Europe s largest cities.

3 PRISHTINA INTERNATIONAL AIRPORT (PIA) BACKGROUND

4 GOVERNMENT S PROJECT IMPLEMENTATION TEAM

5 TRANSACTION STRUCTURE 20 Year Concession PPP/DBFOT Transaction Structure New Landmark Terminal Capacity: M2 Predefined Performance and Quality Level (IATA C) Scope of Services : all PIA JSC functions except ANSP Employee Treatment full time employees guaranteed 3Y employment Annual Payments to Government Concession Fee (% of Gross Revenues) Taxes Asset ownership remains with the Public Sector

6 MINIMUM REQUIRED INVESTMENTS IN PIA New Terminal ( m2) New Control Tower and Related Facilities Relocation of Radar and Navaids equipment New apron: 7 Code C (B 737) aircraft parking positions New pick-up & drop-off curb (214 m) New parking (1,750 new bays/ 56,000 m2) New taxi and bus staging areas (4,130 m2) New airport access lane New water treatment plant

7 QUALIFICATION REQUIREMENT LEGAL INDEPENDENCE TECHNICAL FINANCIAL At set forth in PPP and Public Procurement Law

8 QUALIFICATION REQUIREMENT LEGAL INDEPENDENCE TECHNICAL FINANCIAL No airline ownership or Control Not an entity dependent on Government Budget No competing airports in 200km radius

9 QUALIFICATION REQUIREMENT LEGAL INDEPENDENCE TECHNICAL FINANCIAL as Airport Operator (3 years) in Airport O&M (2 int Airport, 2M pass. in 2 different contr.) In Airport DBF contracts (1 air. In last 7 years, with con. value 100M) Client satisfaction

10 QUALIFICATION REQUIREMENT LEGAL INDEPENDENCE TECHNICAL FINANCIAL Adequacy of equity Average of 150 M each of last 3 years Profitability and free cash flow ( 50 M equival. during each of the last 3Y) Ability to raise financing

11 QUALIFIED CONSORTIUMS Limak- Aeroport de Lyon Consortium Fraport IC ICTAS Havalimani Islemetme A.S Bouyges Batiment Int I EGIS Segap/Eurokoha (PAIC) Consortium

12 QUALIFICATION REQUIREMENT LEGAL TECHNICAL PRICE PROPOSAL Confirm requirements Evaluation on pass/fail basis

13 QUALIFICATION REQUIREMENT LEGAL TECHNICAL PRICE PROPOSAL Substantive reviewof business plan Evaluation on pass/fail basis

14 QUALIFICATION REQUIREMENT LEGAL TECHNICAL PRICE PROPOSAL Award to Bidder offering highest % of revenues to GoK

15 QUALIFICATION REQUIREMENT Limak- Aeroport de Lyon Consortium Fraport IC ICTAS Havalimani Islemetme A.S Bouyges Batiment Int I EGIS Segap/Eurokoha (PAIC) Consortium

16 CONTRACT AWARD Limak- Aeroport de Lyon Consortium avg 39.42% of Gross Revenues for 20 years PPP Agreement between GoK and Limak- Aeroport de Lyon Consortium has been signed in August 12, 2010 PPP Agreement to become effective in February 2010

17 PARTIES TO THIS AGREEMENT

18 AGREEMENT GUARANTEE STRUCTURE Tender Security: 850,000 Performance Security: Construction Works: 20 million Operations & Maintenance: 250,000 Draw downs must be replenished

19 CONCESSION FEE STRUCTURE Fixed Concession Fee Year 0: 2 million (paid on Effective Date) Year 1: 2 million (paid in quarterly installments) Floating Concession Fee Yrs 2 20: Percentage of Gross Revenues (paid quarterly) Year 20 payment is pro-rated

20 RISK ALLOCATION Risks Grantor Private Partner Construction Demand Financial O&M Commercial Regulatory Force Majeure Political Expropriation

21 CONDITIONS PRECEDENT Grantor CP s Private Partner CP s Vacant Enjoyment Relevant Consents Project Monitoring Unit Registration of the Agreement in National PPP registry Mutual CP s Independent Engineer Legal Claims Financing Plan Financing Agreements O&M, Construction Contracts Environmental Baseline Report Technical Plans and Designs O&M and Constructions Guaranties Evidence of Account & Reserves Evidence of Paid-in Capital Draft Transition Plan Operating Budget Employee Contracts Acceptance of PIA Contracts Organizational Chart of Senior Mgmt. Staff

22 SELECTION OF DESIGN Preferred bidder selected three different architectural firms Architectural firms with experience in comparable airport designs Landmark design Submittal of three design concepts Evaluation by GoK of three different concept designs Recommendations on revisions for the designs Selection of the winning design concept

23 THE EXISTING TERMINAL

24 NEW TERMINAL DESIGN

25 NEW TERMINAL DESIGN

26 NEW TERMINAL DESIGN

27 NEW TERMINAL DESIGN

28 PPP PROJECT PIPELINE CENTRAL GOV T NAME OF PROJECT CONTRACTING AUTHORITY SECTOR PPP TYPE (Preliminary) ROUTE 6 Ministry of Transport and Telecommunication Transport BOT (Subzidise), PFI TAK & CUSTOMS Building Ministryof Public Administration Government and Public Buildings PFI ROUTE 7 Ministry of Transport Transport Service, Management, Lease SOLID WASTE LANDFILL MANAGEMENT Ministry Of Economy And Finance Waste Mgmt

29 PPP & PRIVATIZATION PROJECT PIPELINE - MUNICIPALITY NAME OF PROJECT CONTRACTING AUTHORITY SECTOR PPP TYPE (Preliminary) SOLID WASTE COLLECTION AND SORTING URBAN TRANSPORT BRECREATIONAL CENTER (incl. Botanical Garden) Recreational Center DARDANIA Prishtina Undeground Parking 1 Prishtina Undeground Parking 2 Prishtina Undeground Parking 3 Municipality of FUSHE KOSOVA Dept of Public Services Municipality of PEJA Dept. of Public Services Municipality of MITROVICA Dept. of Urbanism Waste Mgmt Transport Sport and Recreation BOT/Consession, Management, Lease BOT/Concession BOT Municipality of GJILAN Sport and Recreation BOT Municipality of PRISHTINA Transport BOT Municipality of PRISHTINA Transport BOT Municipality of PRISHTINA Transport BOT

30 Republic of Kosova Ministry of Economy and Finance Republic of Kosova Ministry of Economy and Finance &

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