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June, 2005. CONTENTS: I STATISTICAL PROFILE II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY 1. INVESTMENT.

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Presentation on theme: "June, 2005. CONTENTS: I STATISTICAL PROFILE II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY 1. INVESTMENT."— Presentation transcript:

1 June, 2005

2 CONTENTS: I STATISTICAL PROFILE II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY 1. INVESTMENT IN THE CITY OF ZAGREB 1. INVESTMENT IN THE CITY OF ZAGREB 2. RESTRUCTURING AND PRIVATIZATION OF COMPANIES OWNED BY THE CITY OF ZAGREB 3. DEVELOPMENT INITIATIVE FOR CRAFTS, TRADES, AND SMALL AND MEDIUM-SIZE ENTERPRISES IN THE CITY OF ZAGREB 2. RESTRUCTURING AND PRIVATIZATION OF COMPANIES OWNED BY THE CITY OF ZAGREB 3. DEVELOPMENT INITIATIVE FOR CRAFTS, TRADES, AND SMALL AND MEDIUM-SIZE ENTERPRISES IN THE CITY OF ZAGREB 4. CREDIT-WORTHINESS ENHANCEMENT PROGRAM 4. CREDIT-WORTHINESS ENHANCEMENT PROGRAM

3 I CITY OF ZAGREB STATISTICAL PROFILE DominantDominant economic, financial and political role in the Republic of Croatia 18%18% of Croatias total population Croatia 4.43 million inhabitants Zagreb779,000 inhabitants

4 Citys share in Croatias GDP estimation Source: City Office for Development Planning and Environment Protection, CNB Croatias GDP: ,9 mil US$ (per capita: US$) (per capita: US$)

5 Cost-of-living index is lower than the national averageCost-of-living index is lower than the national average Average net salary is above the national averageAverage net salary is above the national average Unemployment level is lower than the national averageUnemployment level is lower than the national average Diverse economyDiverse economy

6 Source: Croatian Chamber of Commerce - Zagreb Chamber

7 Source:City Office for Development Planning and Environment Protection, CNB

8 Source:CityOffice for Development Planning and Environment Protection

9 Zagreb City Budget for Zagreb City Budget for

10

11 II CITY OF ZAGREB ECONOMIC DEVELOPMENT STRATEGY Investment policyInvestment policy City of Zagreb strategic projectsCity of Zagreb strategic projects

12 1. INVESTMENTS IN THE CITY OF ZAGREB The City allocates considerable funds for the utilities infrastructure and equipment and installations in City-owned companiesThe City allocates considerable funds for the utilities infrastructure and equipment and installations in City-owned companies Loan financing (the legal limit for borrowing is 20% of revenues; the current indebtedness level is 14%)Loan financing (the legal limit for borrowing is 20% of revenues; the current indebtedness level is 14%)

13 Standard&Poors: BBB/stable outlook for issuing domestic currency bondsBBB/stable outlook for issuing domestic currency bonds BBB/stable outlook for issuing foreign currency bondsBBB/stable outlook for issuing foreign currency bonds Moodys: Baa3/stable outlook for issuing foreign currency bondsBaa3/stable outlook for issuing foreign currency bonds The City operates on international capital markets

14 FINANCE OF INVESTMENTS Budget-financed investment,Budget-financed investment, Investment financed by City-owned company revenues,Investment financed by City-owned company revenues, Investments taken to potential investors by the City on international capital markets andInvestments taken to potential investors by the City on international capital markets and ConcessionsConcessions

15 INVESTMENT PROJECTS DESIGNATION VALUE (mil ) DESIGNATION City of Zagreb Wastewater Treatment Plant ( in implementation) 177 Restructuring of Institute for People with Special Needs 11 Solid Waste Incineration Plant – SWIP 160 Conference Center Project 32 Landfill Rehabilitation Program ( in implementation) 56Commercial/Hotel/ Residential Complex 70 Zagreb Wholesale Market 29 Lake Jarun Recreational Center Project 3 Low-Floor Tramcar Fleet Renewal 160 Sava River Cascades Project 750 University Hospital Project 265 Urban and Suburban Railway Extension 150 Sljeme/Medvednica Mountain Project 9 Zagreb Thermal Spa 30 Underground Garages 25

16 City of Zagreb Wastewater Treatment Plant Value – 177 mil City of Zagreb Wastewater Treatment Plant Value – 177 mil

17 ZAGREB CENTRAL WASTEWATER TREATMENT PLANT (ZCWWTP) Within the Central Wastewater Treatment Plant project, the City has provided for and already initiated the efforts to complete the following components of the plant and facilities: the construction of a plant that would include a mechanical facility, an installation corridor, biological plant components and a management and administrative section; the Domovinski Bridge connecting to the existing Radnička road; Čulinečka Street and the construction of a railway underpass; the main low-pressure collector for Novi Zagreb, and MDC – Main Drainage Canal. The total value of this investment has been estimated at 177,000, The investor and concessionaire is ZOV – Zagrebačke otpadne vode d.o.o., Zagreb (Zagreb Wastewater Management Company, Ltd.).

18 Solid Waste Incineration Plant – SWIP Value – 160 mil Value – 160 mil

19 SOLID WASTE INCINERATION PLANT – SWIP SOLID WASTE INCINERATION PLANT – SWIP Following the international tender for the services of a chief project engineer/consultant, the proposal submitted by a consortium composed of Elektroprojekt d.d. of Zagreb and Novum/UTW of Vienna was selected as the preferred bid. On 9 October 2001, Čistoća d.o.o. (Zagrebs waste disposal company) and the Consortium concluded a Service Contract for the Chief Project Engineer/Consultant. On the basis of this Contract and a study entitled Multicriteria Analysis for the Selection of One of the Two Sites Proposed for the Construction of the Waste Incinerator, the Commission has decided that the Incinerator should be constructed at the Žitnjak-East site. We should note that the Waste Incineration Plant will also be used for the treatment of sludge generated in the Central Waste Water Treatment Plant. According to estimates the annual volume of this sludge would stand at around 70,000 tons. The total value of this investment is estimated at 160,000,

20 Landfill Rehabilitation Program Value – 56 mil Landfill Rehabilitation Program Value – 56 mil

21 JAKUŠEVEC LANDFILL REHABILITATION PROGRAM In 1998, the City concluded a Loan Agreement with the European Bank for Reconstruction and Development (EBRD) in order to fund the rehabilitation of the Prudinec/Jakuševec Landfill. The following investment programmes are being implemented through this project: landfill rehabilitation and development of new waste disposal capacities; construction and operation of an emergency pump station; construction and operation of a leachate treatment plant; construction and operation of a degassing station; construction and operation of waste pre-treatment facilities; construction and operation of construction waste recycling facilities; installation and operation of control equipment; investment programme design, monitoring and management. The total value of the investment is 56,000,

22 Zagreb Wholesale Market Value – 29 mil Zagreb Wholesale Market Value – 29 mil

23 ZAGREB WHOLESALE MARKET Following completion of this project, the existing facilities will be replaced by a modern wholesale market adhering to European standards of quality in terms of facilities, equipment and organisation in order to suit the requirements of the day. The new wholesale market would serve as a hub for wholesaling fruit, vegetables and flowers, with potential to expand to other products. The facility will be constructed at a selected location in the area of Žitnjak. The value of this investment project has been estimated at 29,000,

24 Low-Floor Tramcar Fleet Renewal Value – 160 mil Value – 160 mil

25 LOW-FLOOR TRAMCAR FLEET RENEWAL LOW-FLOOR TRAMCAR FLEET RENEWAL The tram fleet renewal programme for the City of Zagreb provides for the following projects: the purchase of 70 new multi-articulated, 100 per cent low-floor tram vehicles, the overhaul and modernisation of 50 single-articulated trams from the ČKD TATRA production programme (TMK 301), the reconstruction and modernisation of the Trešnjevka-Ljubljanica Tram Depot in Zagreb for the purposes of accommodating and servicing new vehicles, a new fare system, a transport control and management system. The goal of the above efforts would be to improve the functioning and to raise the quality of Zagrebs urban transit system to the European level. The project company is ZET d.o.o. (Zagreb Electric Tramway, Ltd.). The total value of this investment has been estimated at 160,000,

26 University Hospital Project Value – 265 mil University Hospital Project Value – 265 mil

27 MUNICIPAL HOSPITAL The construction of a new municipal hospital under the name of Zagreb University Hospital (SBZ) commenced in 1986 at the location in Novi Zagreb. However, construction works were discontinued in 1993, and in 1998 the Croatian Government passed a decision approving the Programme to Resume the Construction of the University Hospital complex. The gross developed area of the completed portion of the complex is approximately 120,000 m2. According to plans, this area should ensure the accommodation of approximately 1,000 hospital beds. According to a proposal which gained support from the Croatian Ministry of Health, the program to convert the Zagreb University Hospital complex would consist of three spatial and functional components: a health programme, a programme to move certain Croatian institutes operating within the health sector, and a commercial programme. The value of this investment has been estimated at 265,000,000,00.

28 Sljeme/Medvednica Mountain Project Value – 9 mil Sljeme/Medvednica Mountain Project Value – 9 mil

29 SLJEME/MEDVEDNICA MOUNTAIN PROJECT SLJEME/MEDVEDNICA MOUNTAIN PROJECT Plans to develop tourism and sports facilities within Medvednica Nature Park have been in the pipeline for a number of years now. The Tomislavov Dom Hotel has been completely restored: the works encompassed the renovation of the interior, the redesign of the façade, the additional construction of hotel facilities and the construction of an indoor swimming pool. The total value of the works was 2,800, The most important – and also the most expensive – component of this Project will be the modernisation of the existing Sljeme Cableway. The new cableway would follow the route of the existing one, which was constructed in However, the valley station would be shifted southward, next to the tram terminal at Dolje, which would make the cableway more accessible to citizens who use public transport for their trips to Sljeme. The total value of this investment has been estimated at 9,000,

30 Underground Garages Value – 25 mil Value – 25 mil

31 UNDERGROUND GARAGE - TUŠKANAC - KLAIĆEVA - S. RADIĆ SQUARE The project company is Zagrebparking d.o.o.

32 Restructuring of Institute for People with Special Needs Value – 11 mil Value – 11 mil

33 RESTRUCTURING OF INSTITUTE FOR PEOPLE WITH SPECIAL NEEDS RESTRUCTURING OF INSTITUTE FOR PEOPLE WITH SPECIAL NEEDS URIHO stands for the Institution for Rehabilitation of Disabled Persons through Occupational Rehabilitation and Employment. This Institution primarily employs disabled persons, who account for over 50% of its total workforce. According to plans, the rehabilitation of this company will also include the construction of new production facilities (i.e. four production floors), an office building, a sports hall and two outdoor sports grounds at Kajzerica in Novi Zagreb. The purpose of constructing the new plants is to consolidate the existing dislocated production. The remaining parcels of the undeveloped building land will be used for the construction of new business, trade, service and hospitality facilities. This land stands for one of the most attractive sites in the City, primarily due to its proximity to the Zagreb Trade Fair Complex. The total value of this investment has been estimated at 11,000,

34 Conference Center Project Value – 32 mil Conference Center Project Value – 32 mil

35 Commercial/Hotel/Residential Complex Value – 70 mil Commercial/Hotel/Residential Complex Value – 70 mil

36 Lake Jarun Recreational Center Project Value – 3 mil Value – 3 mil

37 LAKE JARUN RECREATIONAL CENTER PROJECT LAKE JARUN RECREATIONAL CENTER PROJECT The Jarun Recreation and Sports Centre is the largest sports centre in the City. It is situated only 4 km from its centre and covers a total area of 240 ha, of which water areas account for 75 ha. Plans are being prepared for the reconstruction and improvement of this complex, including the construction and development of a campsite, a tennis centre with six tennis courts, new beach volleyball courts and a multipurpose playground, the improvement of the existing and the construction of new facilities and grounds, and the construction of a skating rink that will commence as early as this year. The plans also provide for further efforts to preserve the quality of wildlife in and around the lakes and to reconstruct both of the two existing filters for the purification of lake waters. The value of this investment has been estimated at 3,000,

38 Sava River Cascades Project Value – 750 mil Sava River Cascades Project Value – 750 mil

39 SAVA RIVER WATER-STAIRS PROJECT The purpose of this project is to develop facilities that would enable power generation, stabilise the Citys water supply system, improve the utilisation of land in suburban areas for agricultural purposes, encourage housing construction and other efforts and provide defence against flood waters from the Sava River. The project provides for water management, utilisation and protection efforts in a wider area of Zagreb. The completion of the Podsused Hydroelectric Power Plant would mark the first stage of this comprehensive project, creating conditions for the development of traffic infrastructure, the building materials and construction industry in general, as well as tourism, sports and leisure, hunting and angling, and the preservation of natural diversity. The total value of this investment has been estimated at 750,000,

40 Value – 30 mil Zagreb Sports and Recreation zone (Thermal Bath Complex) Value – 30 mil

41 ZAGREB SPORTS AND RECREATION ZONE According to the Conceptual Programme and Urban Planning Design of the Zagreb Sports and Recreation Zone, as approved by the City of Zagreb Executive Council, the mentioned complex would consist of: an aquatic centre with indoor and outdoor swimming pools, accompanying bars and restaurants and recreational facilities, and an outdoor bathing area; a hotel with a conference centre; a sports centre including fitness and aerobics gyms and a multipurpose sports hall; and outdoor sports grounds (for tennis, handball, volleyball, etc.) and cycling and jogging tracks. The location selected for the implementation of this project and the construction the Sports and Recreation Zone (Thermal Bath Complex) is a site west of the unfinished Zagreb University Hospital in Novi Zagreb, at cadastral plot no. 500 in the Blato cadastral municipality. The land covers an area of 27.8 ha and is owned and held by the City of Zagreb. The value of this investment is estimated at approximately ,00.

42 2. RESTRUCTURING AND PRIVATISATION OF 23 COMPANIES OWNED BY THE CITY OF ZAGREB Restructuring and privatisation phases: Preparation of companies for privatisation and restructuring Implementation of privatisation Monitoring and oversight of privatisation

43 3. DEVELOPMENT INITIATIVE FOR CRAFT, TRADES AND SMALL AND MEDIUM-SIZE ENTERPRISES IN THE CITY OF ZAGREB In the interest of encouraging the establishment and launch of operations, as well as growth and development of sole trades and small and medium-sized enterprises, the following activities are being implemented: Granting loans to entrepreneurs and subsidies on interest to enterprise loans Providing assistance to traditional trades Providing assistance to inventors and innovators Cooperation with educational and research institutions Encouraging the development of an enterprise infrastructure (technology park, free enterprise zones, etc.) Jobs via ECDL (European Computer Driving Licence) – IT education and training of unemployed persons

44 4. CREDITWORTHINESS ENHANCEMENT PROGRAMME OF THE CITY OF ZAGREB Programme implementation will contribute to rationalisation and improvement of operations by the citys administration The programme consists of nine developmental objectives or areas Objective 1.-Development of medium-term strategies for generating sufficient income to meet debt repayments and to maintain services at the desired level Objective 2.-Improvement of the medium-term financial planning process Objective 3.-Improvement of the capital programming process

45 Objective 4.-Improvement of the Citys budgeting techniques Objective 5.-Improvement of the level and promptness of collection of utility fees, contributions and rent revenues Objective 6.-Improvement of the process that will define achievable targets for efficiency savings in future budgets Objective 7.-Introduction of the role, activities and structure of a single treasury management unit within the City Office for Finance Objective 8.-Development of an internal audit function Objective 9.-Introduction of a rolling programme of external reviews of the economy, efficiency and effectiveness of the Citys operations

46 -Assembly of the City of Zagreb -Mayor -City Executive Council -18 City administrative bodies -23 City-owned companies -300 City institutions - 17 neighborhood councils STRUCTURE OF THE CITY OF ZAGREB

47 Republic of Croatia City of Zagreb City Office for Economy Trg S. Radica 1 tel: , fax: , web: zagreb.hr


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