The State of Israel is a country with a well-developed road network.
Currently, Israel is experiencing a real boom in the development of railway transport. However, Israel is the only country in the Mediterranean region that does not utilize cabotage (coastal) transportation, especially for passenger services. In the past, this was attributed to the hydrometeorological characteristics of the sea in the country’s coastal zone. The prevailing wave pattern along Israel’s coastline causes side rolling of vessels traveling parallel to the shore.
Today, however, there is a real technical solution to this problem. New types of vessels have been developed and put into operation, eliminating the issue of exhausting side rolling. This project is designed to launch regular passenger transport and tourist cruises along Israel’s coastline, showcasing the country’s historical and archaeological landmarks, using ships that are resistant to side rolling. Israel’s coastline is of significant length.
Yacht marinas with good infrastructure have been built in six coastal cities. These marinas are conveniently located, meet safety standards, are aesthetically pleasing, and equipped with essential services: electricity, fresh water, and fuel stations. Bars and restaurants are also located on site. Typically, each marina offers parking for private vehicles and is accessible by public transportation routes.
Many coastal cities are home to historical and archaeological sites, which hold great potential for tourism development.
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The choice of vessel type is based on the extensive experience of European countries in the Baltic and Mediterranean basins, as well as Australia, New Zealand, and other Pacific Rim countries.
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Vessel Type: Catamaran
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Length: 24 meters
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Width: 6 meters
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Passenger Capacity (each): 150 passengers
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Cruising Speed: 25 knots (approximately 50 km/h)
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Engines: Two main engines with a total power output of 1500 kW
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Draft: 1.5 meters
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The vessel’s dimensions are dictated by current conditions:
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The docks used for passenger embarkation/disembarkation and idle-time mooring are located in existing marinas, which have maneuverability limitations for larger vessels;
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Channel depth at marina entrances.
The selected vessel demonstrates excellent maneuverability, allowing it to operate efficiently within the confined waters of marinas.
The vessels comply with all international maritime conventions related to passenger transport and environmental protection.
Project Advantages:
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The project is low-cost, utilizing existing infrastructure to the fullest extent.
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This project represents a first phase that will drive further infrastructure development in the marinas of the six cities, along with associated businesses such as marine tourism, souvenir trade, bars, restaurants, etc., creating hundreds of new jobs.
Project Status:
The project has been approved by the Ministry of Transport of Israel, and a list of implementation requirements is in place. The project envisions the operation of five vessels. All six marinas in Israel have given their approval for participation.
Capital Investment and Payback:
The required capital investment for the project is 15 million euros.
The project’s payback period is 3 years.
Project Liquidity:
99% of investments are intended for the acquisition (construction) of vessels. Given the high demand for vessels of this class, their resale is not a problem.
The construction cost of such vessels has increased from USD 1.2 million to EUR 3.0 million over the past 20 years.
Demand for such passenger vessels in the Mediterranean region is absolute. This can be easily verified by contacting passenger sea transport dispatchers in various countries of the region.
Therefore, in the event of force majeure circumstances that hinder the project's success, the investments made are fully recoverable without loss.
Investment Offer:
We are open to considering investment proposals for this project from private investors or financial groups.
If you are interested in full or partial financing of the project, please contact us.
Detailed information and financial calculations will be provided upon request to interested parties.
Sincerely,
Yuri Goldman (Dedov)
Project Author and Director
Deep Sea Captain, Economist
