Information Memorandum Brijun Rivijera Croatia

8/8/2019 Information Memorandum Brijun Rivijera Croatia

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INFORMATION MEMORANDUM

PUBLIC TENDER

for

Selection of Qualified Applicants

for Realization of Greenfield Tourist Projects

at Four Sites on Brijuni rivijera

as per BOT model

Brijuni Rivijera d.o.o.

30st

of July 2007

Tender Documentation


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Information Memorandum 4 sites on Brijuni rivijera

Content I

Table of Contents

IMPORTANT NOTICE ............................................................ ................................................................ ...................1

1. BACKGROUND............................................................... ................................................................... ...................2

1.1.CROATIA..........................................................................................................................................................2 1.2.ISTRIA..............................................................................................................................................................5 1.3.PROJECTBACKGROUND...................................................................................................................................7

1.3.1. Mission of Brijuni Rivijera Project..........................................................................................................71.3.2. Market Positioning of Brijuni Rivijera.....................................................................................................8

2. THE FOUR PROJECTS SITES OVERVIEW........................................................................... ..............................9

2.1.SUBJECTSITES................................................................................................................................................9 2.2.PINETA.............................................................................................................................................................9 2.3.HIDROBAZA....................................................................................................................................................132.4.ST.KATARINAISLAND ANDMULIMENTI.............................................................................................................162.5.MUZIL............................................................................................................................................................19

3. PROJECT IMPLEMENTATION MODEL ..................................................................... ........................................22

3.1.MODEL FORIMPLEMENTATION OF THEFOURPROJECTS...................................................................................223.2.BENEFITS OF THEBOTMODEL FOR THEPRIVATEPARTNERS...........................................................................23

4. PROCUREMENT PROCESS...............................................................................................................................24

4.1.TWO-STAGEPROCUREMENT PROCESS...........................................................................................................244.2.PRE-QUALIFICATIONSTAGE............................................................................................................................244.3.INVITATION TOTENDERSTAGE........................................................................................................................25

4.3.1. Shortlisting..........................................................................................................................................254.3.2. Final Tender Proposal Stage..............................................................................................................25

5. INSTRUCTIONS FOR PREPARATION OF BIDS .................................................................... ...........................26


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IMPORTANT NOTICE

This Information Memorandum (IM) issued by Brijuni Rivijera d.o.o. has been made available toparties in the tendering process for the realization of four projects on Brijuni rivijera.

This IM is intended for the information purposes only. Comments on this IM will not influence thetendering procedure nor the later assessment of Pre-Qualification submissions.

The recipients of this IM are reminded that the contents of the IM and any other information supplied to

the recipient is confidential information. This IM may be used only in tendering procedure for purposesof information on the Projects which are subject of this tender.

The purpose of this IM is to provide the basic information on the four projects on Brijuni rivijera to theparties in the tendering process. However, this IM is not intended to serve as a base for taking theinvestment decisions. Therefore, Brijuni Rivijera d.o.o. does not take any responsibility related to theuse of information from this IM by any of the parties. It is understood that parties to whom this IM isdelivered will make an independent research on the investment opportunities with regards to each offour subject projects.

In issuing this IM, Brijuni Rivijera d.o.o.:

Reserves the right to request the explanations from the bidders; Reserves the right to alter the proposals for processes described in this IM; and Reserves the right to decline to discuss the Project further.

Any party retaining the IM or attending a meeting to discuss it, acknowledges that:

Any discussion of or response to the IM does not create an agreement with Brijuni Rivijerad.o.o.

The information provided in this IM is preliminary and could be subject to change; and It will not exclusively rely on the information provided hereon, which is not binding on Brijuni

Rivijera d.o.o., any of Governmental, Regional or Local authorities or agencies or any of theirrespective officers, employees, agents or advisers.


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1. BACKGROUND

1.1. Croatia

General information

Official name Republic of Croatia

Location Southeastern Europe, Eastern coast of the Adriatic sea

Area (km2) 56,542

Coastline (km) 5,835 (of which 4,058 on islands)

Islands, cliffs and reefs (number) 1.185 - inhabited 47

Major cities Zagreb-capital, Split, Rijeka, OsijekContinental in the Northern Croatia

Mountain in the Central Croatia

Mediterranean along the Adriatic Coast (average of 2600 sunny hours per year)

Population (2005 mid year estimate) 4.442,000

Religion Roman Catolics-majority, Orthodox, Islamic, Jews, Protestants and otherMonetary unit 1 Kuna (100 lipa)

Gross doemstic product per capita (US$

estimate at current prices in 2006)9.661,4

General Information

Climate

Source: HCZ from Croatian National Tourist Board and Central Bureau of statistics 2007

EconomyCroatia is currently in the process of negotiations with Bruxelles regarding Croatia'saccession into EU. Positive trends in terms of economy are result of growth in privateconsumption as well as to investments in fixed assets in sectors connected with tourism

(trade and construction), and less due to growth in industry activities. Croatia's tradingis more focused on import then on export due to lesser competitiveness in terms ofexport prices as well as strength of trading brands. Regarding FDI's Croatia is stablecountry for direct investments; where in period from 1993 up to end of 2004, there wasaround 11 billion of USD invested in Croatia, mainly from Austria, Germany and USA.Direct investments were mainly directed into telecommunication and financial sector,whereas only 3,2 % of total direct investments in the same period were into hotelindustry. Due to the fact that around 20 - 25 % of the hotel industry is still in publicownership it is expected that there will be an increased interest of foreign investors inhotel sector.


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Overview:

Overview Overall macroeconomic situation in Croatia, as well as in Istria region is favourable for the

development of the project, in terms of stable macroeconomic indicators (GDP, GDP percapita, decreasing of unemployment, growing of export), thus meaning improvement of the

environment for direct investments (domestic and foreign).

Croatia's business environment for investments in hotel and tourism projects has improvedin 2006 when the VAT rate for hotels (accommodation and board) was decreased to 10 %(general VAT rate is 22%).

Improvement and heavy investment in transport and communication infrastructure, aspriority of the national government, is further more opening country's and region's exposureto the global tourism industry, meaning increase of inflow of the tourists as well as increaseof the number of emissive markets.

Improved transport and communication situation has resulted in favourable access to Istriain terms of Istrian "Y" road network as well as Pula airport start operating with low cost

carriers. Istrian regional government orientation is focused on efficient development of the region

through foundation of institutions such as Istrian development agency (IDA), Agency forrural development (AZZRI), Istrian tourism development agency (IRTA), thus improvingoverall competitiveness of the regional economy.

Croatia Istria

Main Economic Indicators 2003 2004 2005 2006 e 2007 e

GDP (in mill ion ) 26,234 28,392 30,949 33,925 36,743GDP per Capita (in ) 5,912 6,398 6,975 7,645 8,28

Real GDP Growth (% Change) 4,3 3,8 4,3 4,4 4,5Inflation Rate (in %) 1,8 2,1 3,3 n.a. n.a.Unemployment Rate, HZZ 19,5 18,2 18 17,5 17Foreign Debt (% of GDP) 77,6 82,1 82,4 83 83,5Source: Privredna Banka Zagreb Macroeconomic Analysis

Economic Indicators of Croatia


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Croatian tourism

Tourism traffic in Croatia is growingsince year 2002 at an average yearlyrate of 6,3% in arrivals and 4,8% inovernights. In 2006 tourism in Croatiareached a level of more than 10million arrivals that generated morethan 53 million overnights. Thispositive trend is a result of thefollowing factors.

Croatian tourism is in the processof repositioning, from mass toindividualize.

Last five to six years there havebeen a lot of investments made intourism infrastructuredevelopment.

A lot of work is done in raisingthe quality of individual tourismdestinations.

Recently Croatia is experiencing alot of investments in

accommodation capacity.

Source: Tourist Turnover in Seaside Resorts and Municipalities, Central Bureau of Statistics 2003 - 2006

Croatia - arrivals and overnights

9.995.0709.412.2768.877.9788.320.20310.386.416

44.692.45646.635.139

47.797.287

51.420.94853.016.656

2002 2003 2004 2005 2006

Arrivals Overnights

Source: Tourist Turnover in Seaside Resorts and Municipalities, Central Bureau of Statistics 2006

Croatia - overnights according to accommodation type 2005

Private

accommodation

28%

Camping sites

25%

Hotels and similar

42%

Other

3%Nautical ports

2%


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1.2. Istria

General information

Official name County of Istria

Location

The most western County of the Republic of Croatia. The largest peninsula of the

Adriatic. Surrounded by the sea from three sides. Bordering with: Republic of Slovenia

to the north, Italy to the west on the Adriatic sea and Primorsko - goranska County

(Croatia).

Area (km2) 2.820

445,1 km (without islands and islets)

The western coast of Istria is 242,5 km long, with islands 327,5 km. The eastern coast

of Istria is 202,6 km long, with pertaining islets 212,4 km.

Population206.344 (Census from 2001), 4,65 % of the population of the Republic of Croatia, 73

inhabitants per square meter.

Major cities Pazin (administrative) 9.227 inhabitants and Pula (economic) 58.594 inhabitants

Mild, Mediterranean climate with warm and dry summers, mild and pleasant winters

Average amount of sunshine is 2.400 hours yearly

Average air temperature in January is about 6oC and in July and August about 24

oC

Vegetation

Istria is the largest green oasis of the North Adriatic. The coast and the islands are

covered with pine woods and easily recognizable green macchia. The main specimens

of macchia are holm oak and strawberry trees. 35% of Istria is covered with forests.

Rivers Mirna, Dragonja and Raa

SeaThe lowest sea temperature in March is 11,1

oC and the highest in August when it

reaches 24,1oC; salinity amounts approximately 36-38 .

General Information

Coastline (km)

Climate

Source: HCZ from Region of Istria and Central Bureau of statistics 2007

Istrian tourismThe main tourism product of Istria are sun and sea based summer holidays, withaccommodation in hotels, tourist settlements and camps, mostly based on the offer of 3 star

accommodation with affordable prices. This tourism product makes between 75 and 80 per centof total tourism business in Istria.

Secondary tourism products which are on the market for a long time, but in a significantlysmaller volume then sun and sea summer holidays are: nautical tourism (annual lease of berths,charter, serving yachtsman who are coming from Italy), MICE tourism (congresses andseminars), bus touring (for elderly guests), sportsman preparation and excursions for childrenand youths. Secondary tourism products together make between 20 and 25 per cent of totaltourism business of Istria. With the purpose of enhancing tourism offer and extending thebusiness during the summer season, in the past few years, Istria has started introducing,developing and marketing new tourism products such as wellness, cycling, eno-gastronomy,rural tourism and various events (for example traditional festivals, concerts and theatre

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PositioningToday, Istria is promoted like the "Green Mediterranean Hideaway". Market positioning of

Istria, which was defined in the framework of Tourism Master Plan of Istria until 2012, has agoal of creating a brand of Istria in terms of recognisable and desirable tourist region whichoffers its guests experiences of preserved nature, recreation, relaxation, safety, romance andother.

Istria is positioned as a 4* destination within Master plan, focusing on enhancing the overallquality and competitiveness of the destination through renovation of old and / or building newproperties. Plan also suggested new product portfolio going from obsolete sun & sea concepttowards rural tourism, special interests (as golf, gourmet, sports, marine biology), wellness,events, meetings, nautical tourism and touring. Further more Istria has developed new visualidentity (in 2005) and is now in the process of repositioning the quality perception of Istriatowards envisaged 4* destination.

Istria is successfully implementing the Ten Year Master Plan of Tourism Development, its'competitive edge is increasing and Istria is bringing its' new image and identity to the world ina new and sustainable way. Investors are aware of these improvements overall and in Istria, andwhen the country enters EU the return on investments, especially in property, will increasesubstantially.

Overview Istria is the most developed tourism region in Croatia Last few years there was a strong shift from mass to individual market New tourism products are being introduced The highest investment in accommodation capacity and destination management in Croatia There are investments in upgrading the competitiveness of Istria as a tourist region


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1.3. Project Background

1.3.1. Mission of Brijuni rivijera Project

Brijuni Rivijera Ltd. was founded in July 2003. The purpose of this company is to develop andimplement the project of Brijuni rivijera.

Brijuni Rivijera Ltd. is a development company which based on the accepted vision and Masterplan of Istrian tourism in the area of the project Brijuni rivijera has the following mission:

Based on the principles of sustainable development, to develop, on the southwestern coast ofIstria, prestigious tourist destinations / resorts;

Through the development process, to actively influence the process of repositioning of Istriantourism; To initiate and participate in the preparation of physical planning documents for sites in the

area of the Brijuni rivijera project;

To develop projects which will have positive impacts on the local economy, and which will addvalue to the public assets in the best possible way.


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1.3.2. Market Positioning of Brijuni rivijera

Inspired bycultural &historical

heritage andpreserved

nature

Wholyintegrated into

the environment

in line withsustainable

developmentprinciples

Diverse &innovative - thehighest quality

of hotels&tourism facilities

& products inCroatia

Romantic,

particular,"boutique"


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2. THE FOUR PROJECTS SITES OVERVIEW

2.1. Subject SitesSelected Brijuni rivijera project sites are situated in the southwestern part of the Istrian coast, on theground of Municipality of Faana on the North and the city of Pula on the South. The total surfaceof the selected four sites is 276 hectares.

Surface

ha

1. Pineta Faana 472. Hidrobaza Pula 463. St. Katarina Island and Mulimenti Pula 214. Muzil Pula 162

276Total

#

Selected Brijuni rivijera project locations

Location City/Municipality

It should be noted that the borders of public maritime goods for all sites are not determined at all orare not fully determined.

2.2. Pineta


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Pineta site is situated just in front of Brijuni islands, approximately half a kilometer from Faana. Thetotal surface of the location is 47 hectares, from which the building surface is 17 hectares. The rest ofthe plot size is divided in between the part intended for sports and recreation with the surface of 11,4hectares and surface under forest with the size of 18,6 hectares.

Administrative Geographical

Region Istria Southwestern coast of Istria

Municipality Faana Northern costal part of the Faana municipalityAccess

Land 47 ha Bungalowes, forest (northern part) and field (southern part)

Coast Pebble beach (large pebbles)Particularities

Local road Faana - Peroj

Position and accessibility of the Pineta location

Pine forest and a view of Brijuni Islands

Pineta location description


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Location 500 meters to the North of Faana

Surface total 47 ha-building area 17 ha-other area 30 ha

PositioningLeisure hotel and villa with four to five internationalstars (upscale). To the guests offers relaxation on thebeach, wellness and gastronomy.

Period of operation Year around650 hotel beds and 300 beds in villas and apartmentsFood and beverage facilit iesWellness center, swimmingpool and tennisPromenade with the central square

Ownership map see picture

Existing documentationPhysical plan of the Istrian region (September 2005)Physical plan of the Faana municipality (July 2006)Physical program concept (March 2007)

Documentation to bedone

Zoning planEnvironmental Impact Assessment

Expected timing9 - 12 months for begining of construction after thetender process is finalized

Pineta

Initially proposedfacilities program

OWNERSHIP:

REPUBLIC OFCROATIA 20,8 ha

SOCIAL OWNERSHIP 0,3 ha

FAANA MUNICIPALITY 22,5 ha

PRIVATE 2,2 haPUBL IC MARITIME GOOD 0,7 haLOCAL ROAD 0,5 ha

TOTAL 47, 0 ha


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2.3. Hidrobaza

Location Hidrobaza is situated just opposite the Brijuni islands close to the village tinjan. Thetotal surface of this location is 46 hectares, from which the building area is approximately 19hectares. From this location there is a view of Brijuni islands (West).


Region Istria Southwestern coast of Istria

Municipality Pula tinjan / northwestern coast of City Pula

Access

Land 46 ha Flat earthen and concrete plato, trees, dilapidated buildings

Coast Undeveloped pebble beach (large pebbles)Particularities

Position and accessibility of the Hidorbaza location

Local road through tinjan from the direction of local road Pula - Faana

View to the Brijuni Islands

Hidorbaza location description


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LocationOpposite Brijuni islands, to the South of Faana,West of tinjan and North of Pula

Surface total 46 ha

-building area app. 19 ha, will be defined by the General zoning planand Zoning plan

-other areaapp. 27 ha, will be defined by the General zoning planand Zoning plan

PositioningConcept A: a sistem of 5-6 small family hotels 4*Concept B: tourist village with a resort hotel with villas- Istrian village, 3/4 stars

Period of operation Year aroundInitially proposedfacilities program

1.000 beds


Existingdocumentation

Physical plan of the Istrian region (September 2005)Physical plan of the city Pula (December 2006)Physical program concept (March 2007)


General zoning plan of the city PulaZoning planEnvironmental Impact Assessment

Expected timing15 -19 months for begining of construction after thetender process is finalized

Hidrobaza

OWNERSHIP:

REPUBLIC OF CROATIA 35,03 haSOCIAL OW NERSHIP 8,34 ha

CITY OF PULA 2,05 haPUBLIC MARITIME GOOD 0,65 ha

TOTAL 46,08 ha


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2.4. St. Katarina Island and Mulimenti

This location is situated in between Pula city center (East), peninsula Monte Kristo (West) and veryclose to the location Hidrobaza (Northwest). The approximative size of the location is 21 hectares.The views spread to the city center (East), shipyard Uljanik (Southeast), location Muzil (Southwest)and partially to the Brijuni islands (West).

Administrative GeographicalRegion Istria Southwestern coast of IstriaMunicipality Pula Northern part of the bay / Pula city portAccess

Land 21 ha Forest, macchia (more) and old military buildings (East)Coast Rocky (to the West) and concrete (to the East)Particularities

Position and accessibility of the St. Katarina and Mulimenti location

Regional road close to the entrance to Pula and local road Pula - Faana

St. Katarina and Mulimenti location description

Developed coast, fortress Monte Kristo and shipyard Uljanik


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LocationSituated on the northern coast of the Pula bay, opposite the citywaterfront

Surface total 21 ha

-building area will be defined by the General zoning plan and Zoning plan-other area will be defined by the General zoning plan and Zoning plan

Positioning

Multipurpose complex (residential, hospitality, sport andrecreational and public purposes)Hotel 4*Two marinas and a dry marina

Period of operation Year around


200 hotel beds2 marinas with app. 600 sea berths with necessary facilitiesDry marina with app.750 dry berths with necessary facil ities


Existingdocumentation

Physical plan of the Istrian region (September 2005)Phsical plan of the city Pula (December 2006)Physical program concept (March 2007)



Expected timing15 -19 months for begining of construction after the tender processis finalized

St. Katarina Island and Mulimenti


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2.5. Muzil

Location Muzil is situated 3 kilometers to the West from Pula city center. Approximative surface oflocation Muzil is 162 hectares. This location is situated on the most eastern point of BrijuniRivijera. The views spread from the open see (South and West), Brijuni islands (Northwest), St.Katarina island and Mulimenti (North), Pula city center (East) and shipyard Uljanik (East).


Region Istria Southwestern coast of IstriaMunicipality Pula Western coast (peninsula) Pula city

Access

Land 162 ha Forest, macchia and old military buildingsCoast Rocky (South part) and smaller ports (Northern part)Particularities

Position and accessibility of the Muzil location

City road

Muzil location description

Peninsula in the vicinity of Pula city center with views to the open sea


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Location 3 kilometers to the West from Pula city centerSurface total 162 ha

-building area will be defined by the General zoning plan and Zoning plan-other area will be defined by the General zoning plan and Zoning plan

Positioning

Leisure complex with hotels and tourist-residential villas with5 international stars (upper upscale), that offers to guestswith high disposable income experience of sun and beach,golf, casino, wellness and MICE.

Period of operation Year around


2.500 beds in hotels, apartments and villasGolf 9 or 18 holes, will be defined by GUP and UPU


Existing documentation

Physical plan of the Istrian region (September 2005)

Phsical plan of the city Pula (December 2006)Physical program concept (March 2007)



Expected timing15 -19 months for begining of construction after the tenderprocess is f inalized

Muzil


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3. PROJECT IMPLEMENTATION MODEL

3.1. Model for Implementation of the Four Projects

Brijuni Rivijera d.o.o. is planning to select private partners to implement the four tourist projects onBrijuni rvijera according to the BOT (Build Operate Transfer) model. A project implementationagreement will be entered into with a private partner for each of the four projects, which will bestructured in the following way:

Brijuni Rivijera d.o.o. will assign to the private partner the right of construction on buildingplots, whereby the private partner will be enabled to commercially use the project's location

owned mainly by the public sector.1

Based on the granted right of construction, the private partner will be responsible for the design

(from the conceptual design to the implementation design), financing, construction andoperation of the buildings and facilities within the projects.

In agreement with local community where the subject project is located, and with BrijuniRivijera d.o.o., the private partner will finance the preparation of other needed physicalplanning documentation with regards to the subject site.

The private partner will achieve its interests by charging for the services it will offer on themarket by operation of the project.

The private partner will pay a fee against the granted right of construction to the BrijuniRivijera d.o.o. The fee will be paid periodically in equal monthly installments, except the firstinstallment equal to 10 percent of total fee amount for the granted right of construction for theoverall contracted period, and the last installment that will be equal to the fee that the owner ofthe land has to pay to the private partner because of the change of value of the real estate in theperiod between the beginning and end of the period of granted right of construction.

The amount of the fee amount will be the subject of the tendering process. The right of construction is transferable to the bank and it's possible to put the mortgage on it. The right of construction will become effective as of the agreement execution date, and the

term of the agreement will be 66 years.

The land to be used for the project implementation will remain property of the public sector forthe entire term of the agreement. The private partner will remain the owner of the buildings forthe entire term of the agreement, and will have the authorities and responsibilities of abeneficiary of usufruct with respect to the land the buildings are to be built on.

Upon expiry of the period provided for the use of the right to construction, the private partnerwill return the land to public sector's possession and deliver the buildings to public sector'spossession and ownership.

The private partner will be a company or a consortium of companies, which will takeresponsibility for the project implementation under the above-specified principles.

1 The ownership structure of each site is shown in the Section 2. of this Information Memorandum.


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3.2. Benefits of the BOT Model for the Private

PartnersComparing to the customary market models of the development and operation of tourist projects, basedon purchase of the land, the proposed BOT model has the following benefits relating to the financingand the project's risks:

There are no initial costs of land purchase, since only the periodical fee will be paid against thegranted right of construction.

The property-law risks will be borne by the public sector. The private partner and the public sector will jointly bear the risk of obtaining of all the

necessary licences. The private partner will be responsible for the preparation and the financing

of necessary physical-planning documentation, and the public sector will be required to doeverything it is reasonably authorized to do to have the licences obtained as soon as possible.


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4. PROCUREMENT PROCESS

4.1. Two-Stage Procurement Process

The private partner for each project will be selected via a 2-stage tender process. Due to the size andcomplexity of this transaction, the private partner will be elected using a 2-stage evaluation process.

The procurement process is as follows:

1. Pre-Qualification (PQ) stage: Pre-qualify bidders for participation in the ITT stage

2. Invitation to Tender (ITT) stage: Evaluating the tender proposals of pre-qualified bidders for further short-listing of two bidders; Evaluating the final tender proposals of the two shortlisted bidders.

4.2. Pre-Qualification Stage

The PQ stage is open to all interested bidders. An adequate period will be given to bidders to submittheir bids.

The objective of PQ stage is to pre-qualify bidders who demonstrate the financial capability andexpertise to execute the Project. Only pre-qualified bidders will be invited to participate in the ITTstage.

The bidders in the pre-qualification stage will be provided with the following tender documentation: Zone of coverage with the cadaster plots overview and surfaces Extract from the Physical plan related to subject site Extract from the Best use concept for the subject site Short description on the status of infrastructure on the site Physical and program concept of Brijuni rivijera.

The basic criteria used for pre-qualifying the bidders may include: Conformance of the bid with the provided requirements; Private partner's financial capability; Private partner's technical capability

o Experience in the development of capital-intensive projects;o Experience in tourist project management or Letter of Interest of international first

class hotel operator;o Proposed project implementation concept and its social economic impacts;

Familiarity with local environment.

The bidders who are able to meet all the criteria set out in the PQ stage will be pre-qualified.


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4.3. Invitation to Tender Stage

4.3.1. Shortlisting

The pre-qualified bidders will be provided with tender documents, which will include a draft of theContract and related schedules, as well as the instruction for submitting the binding bids.

A period of clarification will precede submissions of binding bids from bidders in the response to theITT, giving bidders the opportunity to clarify and understand different aspects of the projectdocumentation.

The submission of binding bids required at the ITT stage will include, but not be limited to:

Master plan of the subject site and outline design for the project; Financing plan including financing model; Letter of intent of a first class international hotel operator (if applicable for the specific project); Business plan; Amount of the fee for granted right of construction; Contract and other contractual documentation.

The submitted binding bids will be evaluated based on a pre-determined set of criteria, which will beset out in the ITT documents.

Based on the evaluation of the binding bids and the proposed designs, two bidders will be shortlistedfor each project to participate in the Final Tender Proposal stage for evaluation.

4.3.2. Final Tender Proposal Stage

The objective of the Final Tender Proposal Stage will be to allow Brijuni Rivijera d.o.o. to seek furtherdetailed clarification on the submitted binding bids received at the ITT stage; to refine the design andother aspects of the bidders' submissions, to ensure all parties understand the proposals; and to allowincorporation of additional Brijuni Rivijera d.o.o. requirements. Brijuni Rivijera d.o.o. will providefeedback on the design submitted during the ITT stage and, if required, request for revisions. The twoshortlisted bidders will also be required to submit a more detailed design for some of the key areas. Atthe end of this stage the two bidders will submit their final bids, which will be evaluated by BrijuniRivijera d.o.o. based on a set of weighted evaluation criteria to select the successful private partner.


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5. INSTRUCTIONS FOR PREPARATION OFBIDS

Potential private partners are invited to prepare and deliver the BIDS for the project(s) they areinterested in, according to the content and instructions provided in the following Table. In the event ofsubmitting bids for more than one project, the bids should be prepared separately for each project.

INSTRUCTION FOR PREPARATION OF BIDS IN PQ STAGE

Contact person Specify the name, company, title, address, telephone, fax and e-mail ofthe contact person.

Company Specify the basic information about the company (name, registeredoffice, activities).

Potential partners Specify the basic information about the potential partners in consortium(name, registered office, activities).

Proposed projectimplementation concept

A zonning plan including the arrangement of the key buildings andfacilities within the project zone.

A summarized textual description of the respective buildings andfacilities within the project.

Answers to the generalquestions

Which project phases (design, construction, operation) would youperform independently, and which ones would include partners?

How do you plan to finance the project?According to your opinion, which duration of the term should be

applied in BOT Model Project Implementation Agreement, in order tobe sufficient for you to achieve your business interests?

If the existing infrastructure at the project site is insufficient for theproject implementation, how much would you be willing to invest inthe construction of additional infrastructure?

Which specific terms would encourage you to participate in the privatepartner selection procedure?Which specific terms would discourage you from participating in the

private partner selection procedure?

In preparation of the Project concept it is important to respect the guidelines given in this tenderingdocumentation (Chapter 2).


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The bidders are obliged to enclose the following documentation to the Proposal:

1. Company basic information with Company profile;2. Verified certificate of registration from the judicial register, issued by a qualifiedcommercial court, chamber of commerce or other registers valid in country of origin;3. Consortium contract, if the application is submitted by the associated companies

(partners);

4. Bank's letter of intent on the issuing the financial guarrantee to the bidder for theproject financing;

5. Statement of absence of criminal records referring to participation in criminalorganization, corruption, fraud or money laundry, certified by the authorized authority;

6. Balance sheet and Profit and loss account statement for last five years, certified by theauthorized auditor,

7. BON 1 and BON 2 for Croatian companies, or Statements on the creditworthiness andsolvency for foreign companies;

8. Evidence of appropriate experience, with certified references on development,financing, construction and operation of tourist projects;

9. Names and curriculum vitae of the key human resources, and likewise of all themembers of the Management Board and Supervisory Board.

For clarifications and additional information, please contact the following e-mail:[email protected]

Application prepared in accordance with the conditions stated in the Tender documentation should bedelivered in a sealed envelope with a sign "BOT Projects on Brijuni rivijera - do not open", to address:Brijuni Rivijera d.o.o., Dalmatinova 4, 52100 Pula, no later than 12:00 hours on 17th of September2007, regardless of the delivery mode.


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Consultants to the "Brijuni Rivijera" d.o.o.

HORWATH & HORWATH CONSULTING ZAGREB d.o.o.

Information Memorandum Brijun Rivijera Croatia

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Transcript of Information Memorandum Brijun Rivijera Croatia