Istabul sali pazari_tanitim_dokumani_eng

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Istabul sali pazari_tanitim_dokumani_eng

  1. 1. Privatization of Istanbul Salıpazarı Cruise PortA Brief OverviewFebruary 2013 Republic of Turkey Prime Ministry Privatization Administration
  2. 2. DisclaimerThe information contained in this presentation has been obtained from public sources, accuracy or completeness of theinformation is not warranted by the author. Neither Burgan Yatırım Menkul Değerler A.Ş. / MAG Mühendislik Hizmetleri ve TicaretLtd. Şti. / İşmen Hukuk Bürosu Consortium (“Advisor”), the Privatisation Administration of Turkey (“PA”) and Türkiye Denizcilikİşletmeleri A.Ş. (“TDİ”) or any other institution or organisation has made any declarations or warranties concerning theinformation in this document, nor do they accept any responsibility due to any information provided herein.This presentation should not be construed, under any circumstances, as a solicitation to purchase or sell any asset, or as aninvitation in participation of a tender or a document prepared for the pre-signing phase of any agreement for any particularrecipient. Any recipient of this presentation is solely responsible for all risks arising from the use of the information provided inthis presentation. Republic of Turkey Prime Ministry Privatization Administration 2
  3. 3. Cruise Sector: An Overview Primary Cruise Regions• Tourism industry is one of the fastest growing segments of the global economy and cruise sector is one of the fastest growing sub-segments of this industry. 3 4 North Europe• Global sales revenue of the cruise industry has reached 29 billion dollars* in the year 2011.• Today, the leading cruise destination is the Caribbean with a 1 Caribbean 2 market share of 40% in terms of number of passengers, followed Mediterranean by the Mediterranean region with a market share of 21%.• The Mediterranean region has shown the fastest improvement in 4 5 terms of market share and continues to show strong growth. Asia / Pacific• The biggest cruise port among the Mediterranean itineraries has been Port of Barcelona of Spain followed by Ports of Civitavecchia, Naples and Venice of Italy.• Istanbul Salıpazarı Cruise Port with an annual passenger traffic Market Share of Cruise Regions of over 600,000 is one of the top 10 ports in Europe in terms of 2005 2006 2007 2008 2009 2010 2011 number of passengers. Caribbean 48.0% 46.4% 43.5% 39.9% 39.5% 40.7% 40.4% Mediterranean 15.3% 16.5% 18.9% 21.5% 20.9% 20.0% 21.0% North Europe 5.0% 5.3% 5.1% 5.8% 6.3% 7.3% 8.3% Asia/Pacific 4.3% 5.6% 6.2% 6.7% 6.0% 7.1% 5.8% Other 27.4% 26.2% 26.3% 26.1% 27.3% 24.9% 24.5%* Estimated sales revenue of cruise operators in 2011. Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% Republic of Turkey Prime Ministry Privatization Administration 3
  4. 4. Cruise Sector: Worldwide• Number of cruise passengers has attained a Number of Worldwide Cruise Passengers (in millions) 6.7% CAGR between 1998 and 2011 worldwide.• As of 2011, there were 270 ships in operation worldwide with a total passenger capacity of 18.0 million.• Worldwide cruise fleet is expected to reach 285 ships with a total passenger capacity of 20.3 million by 2015.• The largest 4 cruise line operators account for almost 86% of the world cruise market. Global Market Share of Major Cruise Operators - 2011 Worldwide Cruise Fleet (number of ships)Carnival – Carnival CorporationRCCL – Royal Caribbean International Cruise LinesNCL – Norwegian Cruise LinesMSC – Mediterranean Shipping Company Cruise Lines Republic of Turkey Prime Ministry Privatization Administration 4
  5. 5. Cruise Sector: Europe• Number of cruise passengers in Europe has Number of European Cruise Passengers (in millions) increased by 8% CAGR between 1998 and 2011, well-above the world average.• European cruise fleet is expected to increase to 115 ships reaching a passenger capacity of 5.9 million by 2015.• Carnival Corporation, MSC Cruises and Royal Caribbean Cruise Lines account for 78% of the European cruise market. Market Share of Cruise Operators in Europe - 2011 European Cruise Fleet (number of ships) Republic of Turkey Prime Ministry Privatization Administration 5
  6. 6. Cruise Sector: Turkey• Number of cruise passengers arriving at Number of ships and passengers visiting Turkey Turkish cruise ports has increased by 23% # of cruise ships PAX Count CAGR between 2002 and 2011.• Number of cruise ships arriving at Turkish ports, on the other hand, has grown by 8% CAGR during the same period.• According to 2011 statistics, Istanbul Salıpazarı Cruise port had the second highest market share of 26% among Turkish cruise ports.Shares of Major Ports in Turkey Cruise Sector* Number of cruise ships and passengers visiting major ports in Turkey 2004 2005 2006 2007 2008 2009 2010 2011 Port Ships Pax Ships Pax Ships Pax Ships Pax Ships Pax Ships Pax Ships Pax Ships Pax Kuşadası 348 221,417 441 301,105 471 368,696 613 466,677 601 518,872 506 462,746 517 493,911 568 662,456 İstanbul 141 114,390 202 176,768 306 273,553 340 422,896 404 489,544 313 476,541 342 508,246 420 627,897 İzm ir 33 75,934 39 66,285 105 184,797 122 287,357 133 318,451 129 315,454 159 378,266 262 493,533 Marm aris 74 74,753 97 83,094 83 65,265 64 60,039 70 101,874 74 81,472 84 146,531 84 170,021 Bodrum 79 33,231 55 8,921 66 10,478 63 9,892 126 52,862 87 38,414 89 31,700 82 46,031*in terms of ships berthed Republic of Turkey Prime Ministry Privatization Administration 6
  7. 7. Istanbul Cruise Tourism: Salıpazarı Cruise Port• Salıpazarı Cruise Port is the only operating cruise port of Number of Cruise Ships Visiting Salıpazarı Port Istanbul.• Salıpazarı Cruise Port is one of the major destinations preferred by the major cruise liners, as a result the port is among the top 10 mostly preferred ports in the Mediterranean Region.• Salıpazarı Cruise Port served more than 600,000 tourists as the entrance gate to Turkey in 2011.• Salıpazarı Cruise Port’s proximity to touristic and cultural locations such as Historical Peninsula, Beyoglu, Istiklal Avenue, and Galata Tower is one of the important reasons leading the Port to be one of the mostly preferred destinations by the cruise Number of Passengers Visiting Salıpazarı Port tourists.• Current condition of the Port and neighbouring area is expected to be improved after the privatisation tender, which will also expected to increase its sociocultural and economical contribution to the country significantly.• As a result of its unique location and the expected improvement projects, Salıpazarı Cruise Port bears high potential to add value not only to the tourism sector, but also may become to be one of the major emergency exit point of the Istanbul metropolis. Republic of Turkey Prime Ministry Privatization Administration 7
  8. 8. Istanbul: A Tourism CapitalIstanbul;• is among the top 10 most visited cities in the world  Over 8 million tourists in 2011• has more than 25% share in Turkey’s total tourism income  Over 4.5 billion dollars of direct tourism income in 2011.Total tourism expenditures is calculated to be about 10 billion dollars.• is host to important events such as;  2010 European Culture Capital  2010 World Basketball Championship  2012 European Capital of Sport  2012 AAF World Indoor Championships  Turkish Airlines Euroleague Final Four 2012 Republic of Turkey Prime Ministry Privatization Administration 8
  9. 9. Istanbul Salıpazarı Cruise Port: The Only Cruise Port of Istanbul• Istanbul Salıpazarı Cruise Port is included in itineraries of leading cruise operators such as:  Carnival Corporation  Royal Caribbean Lines  MSC Cruises• Over 2,300 cruise and passenger ships and almost 3 million tourists have visited the Port between 2005 and 2011. Republic of Turkey Prime Ministry Privatization Administration 9
  10. 10. Istanbul Salıpazarı Cruise Port: Current Status• 100,280 m2 land area Buildings• 131,821 m2 construction area HQ Headquarters 1 Warehouse #1• 1,115 m long quay comprising of T Terminal Building 2 Warehouse #2  Karakoy quay: 3 Warehouse #3 ÇH Cinilihan Building  515 m 4 Warehouse #4 (Istanbul Modern Museum) 20 Warehouse #20  6-8 m water depth 5 Warehouse #5  Salıpazarı quay: H H Block 6 Warehouse #6  600 m S Shops Block 7 Warehouse #7  8-10 m water depth 5 6 7 S 4 3 2 1 ÇH HQ H 20 T Republic of Turkey Prime Ministry Privatization Administration 10
  11. 11. Istanbul Salıpazarı Cruise Port: Location and Historical Texture• Project area has been declared as,  An “Urban Protected Area” by the Istanbul Cultural and Natural Heritage Preservation Board,  A “Tourism Centre” by Counsel of Ministers• Project area is located at the heart of a historical neighbourhood, surrounded by Tophane Fountain, Nusretiye Clock Tower, Nusretiye Mosque and Kılıç Ali Paşa Mosque Complex, Nusretiye Summer Palace and Çifte Saraylar Palace (Mimar Sinan University). Tophane Fountain Kılıç Ali Paşa Mosque Complex Nusretiye Clock Tower Nusretiye Summer Palace Nusretiye Mosque Republic of Turkey Prime Ministry Privatization Administration 11
  12. 12. Istanbul Salıpazarı Cruise Port: Buildings – Salıpazarı Quay • Building: Warehouses #1-2-3-4 • Building: Warehouse #5 • Total Area: 7,952 m2 • Total Area: 21,177 m2 • Floor Area: 4,102 m2 • Floor Area: 4,023 m2 • Number of Floors: 2 • Number of Floors: 5-6 • Building Height: 11.65 m • Building Height: 23.1 m • Current Use: • Current Use: leased to Mimar Warehouses #1-2 – Terminals Sinan University for 28 years as Warehouse #3 – Depot per Privatisation High Council’s Warehouse #4 – leased to Istanbul decision dated 11/05/12 . Modern Museum Foundation for 28 years as per Privatisation High Council’s decision dated 03/07/07. • Building: Warehouse #6 • Building: Warehouse #7 • Total Area: 20,895 m2 • Total Area: 16,272 m2 • Floor Area: 3,968 m2 • Floor Area: 3,043 m2 • Number of Floors: 5-6 • Number of Floors: 5-6 • Building Height: 23.1 m • Building Height: 23.1 m • Current Use: Depot • Current Use: Depot + Office of Directorate of General of Coastal Safety Republic of Turkey Prime Ministry Privatization Administration 12
  13. 13. Istanbul Salıpazarı Cruise Port: Buildings – Karakoy Quay • Building: Headquarters • Building: Terminal Building • Total Area: 5,627 m2 • Total Area: 7,552 m2 • Floor Area: 857 m2 • Floor Area: 2,195 m2 • Number of Floors: 6 • Number of Floors: 5 • Building Height: 28.6 m • Building Height: 10.5 m • Current Use: Headquarters of • Current Use: Main Passenger Turkey Maritime Organization Terminal • Decree of Istanbul Cultural and • Decree of Istanbul Cultural and Natural Heritage Preservation Natural Heritage Preservation Board: Second-degree registered Board: Second-degree registered building building • Building: Çinili Han (Tiled Inn) • Building: Postal Package Building • Total Area: 4,770 m2 • Total Area: 10,606 m2 • Floor Area: 785 m2 • Floor Area: 5,428 m2 • Number of Floors: 6 • Number of Floors: 2 • Building Height: 24.8 m • Building Height: 9.95 m • Current Use: Customs Bureau • Current Use: Various • Decree of Istanbul Cultural and • Decree of Istanbul Cultural and Natural Heritage Preservation Natural Heritage Preservation Board: Second-degree registered Board: Second-degree registered building building Republic of Turkey Prime Ministry Privatization Administration 13
  14. 14. Istanbul Salıpazarı Cruise Port: Buildings – Karakoy Quay • Building: Warehouse #20 • Total Area: 6,412 m2 • Floor Area: 3,065 m2 • Number of Floors: 2 • Building Height 10.5 m • Current Use: Various • Decree of Istanbul Cultural and Natural Heritage Preservation Board: No need for registration Republic of Turkey Prime Ministry Privatization Administration 14
  15. 15. Salıpazarı and Karakoy Quays’ Current Situation: Necessity of StrengtheningNew zoning plan aims to meet improvement requirements. According to expert report; ITU* Report• Quays have to be strengthen in order to become resistant to the potential earthquakes and in compliant with the current earthquake regulations• If strengthening projects are executed to have the quays resistant against certain level of earthquakes, Salıpazarı Port may serve as an emergency logistics centre for the city with the purpose of the distribution of medicines, excavation of residents, supply of goods and food to the European side of the city due to its proximity to residential districts,• In conclusion, Karakoy and Salıpazarı Quays have to supported with a piled quay with a minimum 10 metres, which will increase the quays’ resistance against potential weights of horizontal and rotational forces, as the existing quays have collapses between the quay blocks, interruption of racks that connects blocks caused during natural gas pipeline installation works, and as the historical buildings are under-protected against potential earthquake forces and bear collision risk towards sea. ITU’s fundamental recommendation: piled quay construction with minimum 10 meter width to strengthen the quays If executed, port may serve as a point of exit in the case of potential disaster Karakoy quay Salıpazarı quay piles Shelter harbour Karakoy quay (*) ITU: Istanbul Technical University Republic of Turkey Prime Ministry Privatization Administration 15
  16. 16. Zoning Plan’s Basic Objective: Integration of Beyoglu with Cruise Port.• Integration of the port area to Beyoglu District’s sociocultural and historic texture is also aimed with the new zoning plan 1 4 3 8 9 2 5 6 10 7 11 20 18 21 19 12 17 13 141 Elif Efendi Dervish Lodge Restoration Construction 162 Kalaycıbahçe Square Reorganization3 Historic Okmeydanı 1. Stage Protection Project 154 Ağaçlaraltı Square Reorganization5 Kulaksız Square Reorganization6 Kızılay Square Reorganization7 Bahriye Square Reorganization Construction 11 Balık Pazarı Reorganization 15 The Golden Horn Metro Pass, Pedestrian Bridge Construction 12 Haliç Dock Restoration Project 19 Şişhane Urban Transformation8 Dolapdere Square Reorganization 16 D’aranco Mosque Restitution Restoration Project9 Talimhane 13 Galata Square Reorganization 17 Tophane Square Reorganization 20 Cihangir Urban Transformation10 Tarlabaşı Regeneration Project 14 Bankalar Caddesi Reorganization 18 Kabataş Square ve Port Buildings Construction 21 Fransız Sokağı Urban Transformation Republic of Turkey Prime Ministry Privatization Administration 16
  17. 17. Salıpazarı Cruise Port: New Zoning Plan and Its ConstraintsPlanning Area Definitions•Total Zoning Plan Area: Registered historic building Building, may be demolished & rebuilt 100,280 m2 + 11,867 m2 (reclamation area) = 112,147 m2 Sociocultural builng Building incompliant with the zoning plan•Cruise Port Area: 85,208 m2•Roads: 892 m2 Buildings•Recreation Area: 13,941 m2 HQ Headquarters 1 1 Warehouse #1•Sociocultural Facility Area: 12,107 m2 TB 2 Warehouse #2 Terminal Building Cruise Port Zoning Area Construction Constraints 3 Warehouse #3 CB Cinilihan Building •Floor area ratio: 1.50 4 Warehouse #4 (Istanbul Modern Museum) 20 Warehouse #20 •hmax : 5 Warehouse #5 (Mimar Sinan Uni.) HB H Block Region A : 15.50 m 6 Warehouse #6 SB Shops Block Region B : 18.50 m 7 Warehouse #7 Warehouse #20 :12.50 m•Maximum construction area: 85,208 x 1.50 = 127,811 m2•Registered historic buildings: 28,555 m2•Maximum possible construction area: 99,256 m2 SB 5 6 7 4 3 2 1 CB HB HQ 20 TB Recreation area Sociocutural Building Area Cruise port Region A Cruise port Region B Reclamation Area Republic of Turkey Prime Ministry Privatization Administration 17
  18. 18. Project Goals and Contemplated Timeline  İstanbul Salıpazarı Cruise Port, which is the most important port in Turkey and the sole operating cruise port of İstanbul, is aimed to be a prestigious port operated pursuant to the requirements of modern port sector PORT and to increase the tourist potential of İstanbul by highlighting the background historical and natural values,and this way become a port which increases the tourism incomes of our country  It is targeted to make İstanbul Salıpazarı Cruise Port one of the most important destinations by improving CRUISE TOURISM the services to international standards and to increase the number of tourists visiting our country and to increase the contribution of the Port to tourism incomes.  Zoning plan is aimed to enable public access to the project area and to the historical and the new buildings to be developed within. The zoning plan is expected to enrich and provide opportunity to restore the historic ZONING PLAN buildings and monuments within the area. The zoning plan will not only provide access to the project area but also opportunity for the surrounding to be developed and increase contribution to the economy  1/5000 and 1/1000 scaled Zoning Plans prepared by PA and approved by the Privatisation High Council by the decision dated October 22, 2012, are submitted to Istanbul Metropolitan Municipality of which public TIMELINE review procedures are completed in January 2013. The privatization tender is launched upon the tender announcement published in February 2013. Republic of Turkey Prime Ministry Privatization Administration 18

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