Cold storage project

Invitation for Expression of Interest For selection of suitable Partner for Cold Storage Project Development in Georgia We are a state owned investment fund, established in 2011, (with the Fitch rating “'BB-; Outlook Positive“, equal to sovereign ceiling). We have two main directions: Asset Management and Private Equity Financing. Cold Storage and Warehousing is a critical value driver in agriculture. Georgia’s almost all major fruits (grapes, apple, pomegranate, mandarin, orange and lemon) and vegetables (potato, carrots and others) depend on effective cold storage facilities. It is estimated that significant share of the fruits and vegetables is lost due to the lack of adequate cold storage facilities. Respectively, non-seasonal fruit and vegetable consumption is filled with import. To address this shortage in the market, our company aims to develop the Ultra-LowOxygen and Active ventilation storage facility in Georgia, which will allow Georgian fruits and vegetables, be available during non-seasons. Project description The study has shown a need for a 4,700 ton Fruit and Vegetables Cold Storage, which will serve Tbilisi (the capital of Georgia), Kvemo Kartli’s regional center Rustavi and other adjacent areas accounting 31% of Georgia’s consumption of food products. Beyond cold storage operation, the proposed business model also includes fruits and vegetables collection from the small scale growers to respond to the inefficiencies and ineffectiveness of the value chain. Project Technical Description Area for Cold Storage Project ~3 ha Module area ~6500 m2 Method of Storing ULO and Active ventilation Technical advantages: cold storage will be consisted of 23 isolated rooms (20 ULO and 3 active ventilation). This fact gives it an advantage to be flexible considering the market sensitivity in sales aspect.