Privatization of Istanbul Salıpazarı Cruise Port€¦ · Privatization of Istanbul Salıpazarı...

Republic of Turkey Prime Ministry Privatization Administration

Privatization of Istanbul Salıpazarı Cruise Port

A Brief Overview

February 2013


Disclaimer

2

The information contained in this presentation has been obtained from public sources, accuracy or completeness of the

information is not warranted by the author. Neither Burgan Yatırım Menkul Değerler A.Ş. / MAG Mühendislik Hizmetleri ve Ticaret

Ltd. Şti. / İşmen Hukuk Bürosu Consortium (“Advisor”), the Privatisation Administration of Turkey (“PA”) and Türkiye Denizcilik

İşletmeleri A.Ş. (“TDİ”) or any other institution or organisation has made any declarations or warranties concerning the

information 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 an

invitation in participation of a tender or a document prepared for the pre-signing phase of any agreement for any particular

recipient. Any recipient of this presentation is solely responsible for all risks arising from the use of the information provided in

this presentation.


Cruise Sector: An Overview

Primary Cruise Regions

Market Share of 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.

• 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

market share of 40% in terms of number of passengers, followed

by the Mediterranean region with a market share of 21%.

• The Mediterranean region has shown the fastest improvement in

terms of market share and continues to show strong growth.

• 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

of over 600,000 is one of the top 10 ports in Europe in terms of

number of passengers.

* Estimated sales revenue of cruise operators in 2011.

3

Caribbean

Asia / Pacific

North Europe

Mediterranean

1 2

4

5

Caribbean

Asia / Pacific

North Europe

Mediterranean

1 2

3

4

2005 2006 2007 2008 2009 2010 2011

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/Pacif ic 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%

Total 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%


Cruise Sector: Worldwide

Number of Worldwide Cruise Passengers (in millions) • Number of cruise passengers has attained a

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

4

Carnival – Carnival Corporation

RCCL – Royal Caribbean International Cruise Lines

NCL – Norwegian Cruise Lines

MSC – Mediterranean Shipping Company Cruise Lines

Worldwide Cruise Fleet (number of ships)


Cruise Sector: Europe

Market Share of Cruise Operators in Europe - 2011

Number of European Cruise Passengers (in millions)

European Cruise Fleet (number of ships)

• Number of cruise passengers in Europe has

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.

5


Cruise Sector: Turkey

Number of ships and passengers visiting Turkey • Number of cruise passengers arriving at

Turkish cruise ports has increased by 23%

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.

PAX Count # of cruise ships

Shares of Major Ports in Turkey Cruise Sector* Number of cruise ships and passengers visiting major ports in Turkey

6

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

İzmir 33 75,934 39 66,285 105 184,797 122 287,357 133 318,451 129 315,454 159 378,266 262 493,533

Marmaris 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

2008 20112009 2010

Port

2004 2005 2006 2007

*in terms of ships berthed


Number of Passengers Visiting Salıpazarı Port

Number of Cruise Ships Visiting Salıpazarı Port • Salıpazarı Cruise Port is the only operating cruise port of

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

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.

Istanbul Cruise Tourism: Salıpazarı Cruise Port

7


Istanbul: A Tourism Capital

Istanbul;

• 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

8

http://turkey2010.fiba.com/pages/tur/fe/10/fwcm/p/index.html


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.

9


Istanbul Salıpazarı Cruise Port: Current Status

• 100,280 m2 land area

• 131,821 m2 construction area

• 1,115 m long quay comprising of

Karakoy quay:

515 m

6-8 m water depth

Salıpazarı quay:

600 m

8-10 m water depth

Headquarters

Terminal Building

Cinilihan Building

Warehouse #20

H Block

Shops Block

HQ

T

ÇH

20

H

4

3

2

1

7

6

S

5

Warehouse #1

Warehouse #2

Warehouse #3

Warehouse #4 (Istanbul Modern Museum)

Warehouse #5

Warehouse #6

Warehouse #7

HQ

T

ÇH

20 H

4 3 2 1

7 6 S

5

Buildings

10


• 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 Summer Palace

Istanbul Salıpazarı Cruise Port: Location and Historical Texture

Nusretiye Mosque

Nusretiye Clock Tower

11


Istanbul Salıpazarı Cruise Port: Buildings – Salıpazarı Quay

• Building: Warehouses #1-2-3-4

• Total Area: 7,952 m2

• Floor Area: 4,102 m2

• Number of Floors: 2

• Building Height: 11.65 m

• Current Use:

Warehouses #1-2 – Terminals

Warehouse #3 – Depot

Warehouse #4 – leased to Istanbul

Modern Museum Foundation for 28

years as per Privatisation High

Council’s decision dated 03/07/07.

• Building: Warehouse #5



• Number of Floors: 5-6


• Current Use: leased to Mimar

Sinan University for 28 years as

per Privatisation High Council’s

decision dated 11/05/12 .






• Current Use: Depot






• Current Use: Depot + Office of

Directorate of General of Coastal

Safety

12


Istanbul Salıpazarı Cruise Port: Buildings – Karakoy Quay

• Building: Headquarters


• Floor Area: 857 m2



• Current Use: Headquarters of

Turkey Maritime Organization

• Decree of Istanbul Cultural and

Natural Heritage Preservation

Board: Second-degree registered

building

• Building: Terminal Building





• Current Use: Main Passenger

Terminal




building

• Building: Çinili Han (Tiled Inn)


• Floor Area: 785 m2



• Current Use: Customs Bureau




building

• Building: Postal Package Building





• Current Use: Various




building

13






• Building Height 10.5 m

• Current Use: Various



Board: No need for registration

Istanbul Salıpazarı Cruise Port: Buildings – Karakoy Quay

14


New zoning plan aims to meet improvement requirements. According to expert 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.

Salıpazarı and Karakoy Quays’ Current Situation: Necessity of Strengthening

Shelter harbour Salıpazarı quay piles Karakoy quay

ITU* Report

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

15

(*) ITU: Istanbul Technical University


The Golden Horn Metro Pass, Pedestrian Bridge Construction

Tophane Square Reorganization

D’aranco Mosque Restitution Restoration Project

Kabataş Square ve Port Buildings Construction

Haliç Dock Restoration Project

Balık Pazarı Reorganization

Galata Square Reorganization

Bankalar Caddesi Reorganization

Zoning Plan’s Basic Objective: Integration of Beyoglu with Cruise Port.

16

12

3

1

7 18

15

10 6 5

2

4

17

8

13

9

14

11

19

20

21

15

10 Tarlabaşı Regeneration Project

17

12

1 Elif Efendi Dervish Lodge Restoration Construction

2 Kalaycıbahçe Square Reorganization

3 Historic Okmeydanı 1. Stage Protection Project

4 Ağaçlaraltı Square Reorganization

16

5 Kulaksız Square Reorganization

6 Kızılay Square Reorganization

7 Bahriye Square Reorganization Construction

8 Dolapdere Square Reorganization

9 Talimhane

18

11

13

14

19 Şişhane Urban Transformation

20 Cihangir Urban Transformation

21 Fransız Sokağı Urban Transformation

• Integration of the port area to Beyoglu District’s sociocultural and historic texture is also aimed with the new zoning plan

16


Planning Area

•Total Zoning Plan Area:

100,280 m2 + 11,867 m2 (reclamation area) = 112,147 m2

•Cruise Port Area: 85,208 m2

•Roads: 892 m2

•Recreation Area: 13,941 m2

•Sociocultural Facility Area: 12,107 m2

Cruise Port Zoning Area Construction Constraints

•Floor area ratio: 1.50

•hmax :

Region A : 15.50 m

Region B : 18.50 m

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

Salıpazarı Cruise Port: New Zoning Plan and Its Constraints

Headquarters

Terminal Building

Cinilihan Building

Warehouse #20

H Block

Shops Block

4

3

2

1

7

6

5

Warehouse #1

Warehouse #2

Warehouse #3

Warehouse #4 (Istanbul Modern Museum)

Warehouse #5 (Mimar Sinan Uni.)

Warehouse #6

Warehouse #7

HQ TB

CB

20 HB

4 3 2 1

7 6 SB 5

Definitions

Registered historic building

Sociocultural builng

Building, may be demolished & rebuilt

Buildings

Recreation area

Sociocutural Building Area

Cruise port Region A

Cruise port Region B

Reclamation Area

1

Building incompliant with the zoning plan

HQ

TB

CB

20

HB

SB

17


Project Goals and Contemplated Timeline

PORT

CRUISE TOURISM

ZONING PLAN

TIMELINE

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

review procedures are completed in January 2013. The privatization tender is launched upon the tender

announcement published in February 2013.

18

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

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

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

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

Privatization of Istanbul Salıpazarı Cruise Port€¦ · Privatization of Istanbul Salıpazarı...

Documents

Transcript of Privatization of Istanbul Salıpazarı Cruise Port€¦ · Privatization of Istanbul Salıpazarı...