- Country: Bulgaria
- Industry: Construction, Engineering, Architecture
- Stage: Start-up
- Investment size: $90,000,000 / min. $40,000,000
- ROI: 30% in 6 years
- Type of investment: Debt, Equity
Megaproject "Super Varna 2020" in Bulgaria is looking for a strategic investor/investors for the implementation of the megaproject or its subprojects /level two/.
The project amount of the required investment for the whole megaproject is million Euro subject to a stage-by-stage implementation for a period of 5 years. The market value of the megaproject and/or business subprojects at level two, land and real properties at the implementation of the megaproject is over EUR 2.400.000.000 - 3.000.000.000. This is a forecasting cost in an assessment only as realty after implementation, without accounting for the market value of each business/subproject at level two/ at implementation in a finished mode.
Possible implementation of the Megaproject /as per concept design/ with one strategic investor and/or several sub-investors – within a new joint-stock company specifically formed for the implementation of the investment project: JV between the strategic investor, the state in the face of Varna Municipality and/or Varna District, and/or sub-investors - participators in subprojects at level two.
Rationale for the deal
This is an opportunity for investment and participation in unique European megaproject /subprojects level 2/ with high yield, through direct investment in a real property of 300.000 to 5.000.000 m² area.
The land is primarily a property of the state /state authority/ - one of the participants in the investment project and in the joint-stock company managing the megaproject; each investor shall participate in the Board of Directors and in the joint-stock company by a representative;
There is a business plan and developed investment subprojects at level two /ten in number, not all of them being published/.
Opportunity for the investor
The investor will be given the status of a first-class investor, having the full cooperation of the municipality, the district and the state for the implementation of the project/projects. The investment of the strategic investor/investors involved in the subprojects shall be guaranteed by the municipality’s/district’s participation in the joint-stock company with real property and infrastructure involved in the project or subprojects; by the percentage participation with shares in the joint-stock company managing the whole megaproject, and by the full control through participation in the Board of Directors monitoring the spending of the funds as intended.
Option for 50-60% additional funding by applying to, and financing, the project/projects from EU Funds;
There is an opportunity to negotiate a low-interest investment loan from the TOP25 International Bank with an annual interest rate of 2-2.5% for the purpose of launching the megaproject, creating a joint-stock company for the whole megaproject or for each subproject, creating working drafts for the execution and implementation of each project at level two in order to apply for funding under EU Funds, approval of the subproject for funding and implementation.
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