Nathan Associates conducted an economic, financial, and institutional analysis for a deepwater port to be developed north of the existing port and city of Vlora. The port would serve an energy industrial park and a 135 MW thermal power plant. We prepared a forecast of liquid bulk cargo volumes that could be attracted to the port if investments were made in the energy industrial park, such as for power plant expansion, construction of a petroleum refinery, development of a trans-European crude oil pipeline, and imports of liquid-bulk petroleum and chemical products.

We also reviewed the potential growth of passenger traffic at the existing port due to increased cruise and ferry vessel arrivals. We then prepared a financial analysis that included alternative forecasts for revenues, operating costs, and equity and debt financing schemes. Financing schemes included assessments of BOT potential and public-private partnerships.

Finally, we recommended an institutional structure and organization for the new port consistent with the preferred public-private funding option.

By late 2008, the Swiss firm Zumax was in talks with the government to develop the port under a 35-year concession and bring in an international port operator to manage the facility. It would be the country’s first private port operation.

Details

Office

Arlington

Client

The Environmental Company Inc.

Dates

2004 - 2005

Country

Albania

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