Belgrade Chamber of Commerce
Cluster Club Project – WP5
Pilot Project - Mini marina
Conceptual solution with economic
and feasibility study
Milan Vlahovic PMP
Activities of Belgrade Chamber of Commerce
within WP5-Development of Pilot Actions
• The feasibility study for the creation of a river
mini-marina in Serbia in accordance with the
EU standards
– The proposal for conceptual layout and feasibility
study was put out to tender according to the
project plan
– Among prequalified selected firms, firm “DAAM”
had the lowest tender and was contracted to do
the job
• Development of the conceptual solution with
the economic and feasibility study of the mini
marina project on the river Sava on the
territory of the Surčin municipality
– a multi disciplinary team was assembled
– the team consisted of 17 smaller teams, among
them:
• architectural and construction team
• environmental team
• team for energy efficiency and alternative energy
sources
• feasibility study team
Basic principles of design
• Preservation of the environment – with minimal
pollution
• Energy efficiency - the use of renewable energy
sources
• Integration in urban and natural environment
• Rationality and functionality in architectural
design
• Use of preferably natural materials such as wood
• Adjustment of construction costs and use of
reasonable and realistic possibilities
Urban and technical analysis of the marina
“Surčin” location
• The selected location of a marina on the river
Sava left bank on the territory of Surčin
municipality was already anticipated in the land
use plan of the municipality of Surčin
• It has a number of benefits for recreation,
tourism, fishing and hunting
• According to requirements of the Surčin land use
plan , it is necessary to establish the concept of
protection and regulation of river water and river
banks
The potential for tourism development
• The possibility of building a pier for tourist and
recreation boats and ships, the proximity of
touristic location Obedska bara
• Outstanding values and natural beauty,
environmental benefits and values for the
development of weekend and recreation tourism,
especially in Progar, Boljevci and Jakovo
• Outstanding traffic position, primarily on the
international infrastructure corridor 10
Site plan of marina “Surčin” location
Position of location
1km downstream from the Obrenovac bridge,
13km upstream from the Sava river mouth,
6km by local road from Surčin
Photo documentation of location
The most frequent functions of typical marina ?
•
Information on existing facilities in marinas in the United States gathered in
about 4500 marinas:














boat places
halls for winter boat places
facilities for boat transport
boat and motor repair and maintenance service
gas stations
sales of a boats, motors and trailers
sales of boat accessories
sales of ice, fishing supplies, baits, etc
sales of food
boat chartering
room facilities for personnel
beverage service
snack rooms
restaurants
100%
70%
77%
60%
74%
50%
50%
67%
5%
46%
77%
70%
30%
21%
What should be included in mini marina?
 Management with a view over the port area with bulletin boards, with
features for providing information on different topics (wind, water levels,
advice for driving, ...)
 Enough space for berths for boats of various dimensions within the pier
 A device for pumping motor fuel for boats, sailboats
 Devices for transporting boats on land and in water direction and for boat
extraction from the water
 Winter storages for boats in the open air or in the halls
 A devices for maintenance and repair of boats
 An opportunity to purchase replacement parts and accessories for boats
and yachts
 A saving and rescue service
 Organizing sailing courses and courses for driving motor boats, learning
and teaching of scuba diving and water skiing
 Basic hospitality and tourist facilities (restaurant, coffee bar on the water,
tourist office etc.)
Additional facilities in a good marina?
A promenade with benches
Areas for sport and recreation, playgrounds
for children
Motel or hotel departments, apartments for
rent or bungalows
A pier for liners, for charter rides and crews of
big sailing ships
Marine zone
Hotel and restaurant
Service zone
Sports and recreations zone
Green area
Parking zone
Winter boat storage
Standardization
• Design was made to meet EU standards for
that type of club marinas
• According to the national regulations and
standards for the classification of marinas
(Official Gazette RS no. 56/2011) the Surčin
marina will have the highest category of 4
anchors
• The facilities are designed to a high standard
of thermal protection
• The position and orientation of facilities and
the shaping of architectural resources are
suitable for an energy-efficient systems with
renewable energy
– Photo-voltage system
– Wiessmann earth-water heat pump
• The project sought to maximize the nature
preservation and enhancement and to
minimize the impact on the natural ecosystem
• By using solar energy (photovoltage panels) and earth
(geosondes and heat pump) the facilities will be
heated, cooled and ventilated with minimal impact on
nature.
• No emissions gas and other pollutants.
• One of the biggest potential contaminants and risks of
pollution in coastal areas are the sewerage system and
waste water technology that marina creates.
• On this matter, a particular account was taken through
the prediction and determination of all the systems
that purify wastewater and return it as a technical
water for use in the service and land surfaces
Feasibility study
• The implementation of the marina can be carried out
in three stages .
• The first stage includes primary activities related to the
water facilities (the part of the pier with berths) and
the management part of the facility, service building,
water gas station and a part of the covering
infrastructure.
• The second phase includes a restaurant and a part of
the pier, landscaping and infrastructure.
• The third stage would be carried out with the
construction of a covered boat winter storage, the
hotel and the boat docks.
MARKET ANALYSIS FOR BOATS IN BELGRADE
Number of boats (small boats, scutters, yachts, sailing boats) registered in Serbia:
Number of boats registered in Belgrade in 2011:
Number of foreign boats in transit through Serbia in 2010:
Number of mini-marinas on river Sava and river Danube in 2011:
Number of gas station for boats in Belgrade in 2011:
SUMMARY BY PHASES AND FACILITIES
1 PHASES eur 2 PHASESeur 3PHASES eur
1 OBJECT ON THE GROUND
441,953.00
796,528.00 1,397,507.50
2 OBJECT ON THE WATER
616,032.00
368,930.00
226,550.00
3 INFRASTRUCTURES OBJECT
443,000.00
210,000.00
PROJECT
100,000.00
TOTAL 1,600,985.00 1,375,458.00 1,624,057.50
11,246
4,500
565
59
0
TOTAL eur
2,635,988.50
1,211,512.00
653,000.00
100,000.00
4,600,500.50
FEASIBILITY STUDY (PHASE 1)
Mini Marina, Surčin, Belgrade
Feasibility study for mini marina (Phase 1)
Payback period
Table 11
Year
Investment
in EUR
2012
1,600,985
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Payback period (in yrs)
Net investment /
year
Cash inflows
cummulative
PHASE 1:
-1,600,985
153,960
185,336
209,711
219,030
234,043
242,421
249,637
257,597
263,757
269,534
1,269,284
-1,600,985
-1,447,025
-1,261,688
-1,051,978
-832,948
-598,905
-356,484
-106,847
150,750
414,507
684,041
1,953,325
7.4
• Investment size: 1,600,985 EUR
• Net Present Value = 394,430 EUR
• Internal Rate of Return = 11.91%
• Payback period = 7.4 years
FEASIBILITY STUDY (PHASE 2 and PHASE 1)
Mini Marina, Surčin, Belgrade
Feasibility study for mini marina Phase I+II
Payback period
Year
Investment
in EUR
2012
2,976,443
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Payback period (in years)
Net investment /
year
-2,976,443
161,923
432,316
460,836
507,153
528,025
540,861
589,280
603,753
616,952
627,903
1,222,272
Table 11
Cash inflows
cummulative
-2,976,443
-2,814,520
-2,382,204
-1,921,368
-1,414,216
-886,191
-345,330
243,950
847,703
1,464,655
2,092,558
3,314,831
6.6
PHASE 1 AND PHASE 2:
• Investment (Phase 1 and Phase 2): 2,976,443 EUR
• NPV = 731,238 EUR
• IRR = 12.20%
• Payback period = 6.6 years
FEASIBILITY STUDY (PHASE 3 and PHASE 1+PHASE 2)
Mini Marina, Surčin, Belgrade
Feasibility study for mini marina Phase I+II
Payback period
Year
Investment
in EUR
2012
4,600,501
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
Payback period (in years)
Net investment /
year
-4,600,501
232,069
430,315
808,855
842,209
888,756
934,193
1,003,485
1,054,358
1,106,368
1,135,557
1,356,305
Table 11
Cash inflows
cummulative
-4,600,501
-4,368,432
-3,938,117
-3,129,262
-2,287,052
-1,398,296
-464,104
539,381
1,593,739
2,700,107
3,835,663
5,191,968
6.5
PHASE 1+2+3:
• Investment Phase 1+2+3: 4,600,501 EUR
• NPV = 1,177,254 EUR
• IRR = 12.29%
• Payback period = 6.5 years
GRAPHIC PRESENTATION OF CONSTRUCTION PHASE
Feasibility study findings
• Based on the market analysis, the demand for the mini
marina and adjacent facilities is present in Belgrade.
• The envisioned marina in the Surčin municipality should
provide slips and gas station for river boats, along with the
modern facilities such as restaurants, hotel and recreational
facilities.
• The Phase 1 profitability enables the stakeholders to seek
the additional funds from commercial banks, bond issuance
or any other form of borrowed capital in order to build
Phase 2 and Phase 3
• The feasibility study for Phase 1, as well as feasibility study
for the other two phases has provided positive findings in
terms of profitability and self-sustainability
Thank you for
your attention!