UNIVERSITY OF LAHORE

LSPS

Project Report

“JOURNEY THROUGH CIVILIZATIONS”

SUBMITTED BY:
ALIA RAHIM MSPM02183006
AQSA HANIF MSPM02183014
HUSSAIN BADSHAH MSPM02183024
WAQAR HAIDER MSPM02183060
“JOURNEY THROUGH CIVILIZATIONS”

Project Report submitted to the

Lahore school of professional studies

The university of lahore

Advisor

MISS AYESHA AHMED

There Exist only one type of architecture that defies all the laws of matter,
space and volume .It is the architecture of dreams

Walt Elias Disney

Founder of WD
ABSTRACT:
Design of a Theme park where is being evolved from Human primitive culture (Stone Age). The
development of civilizations and most famous civilizations are the main theme of the park, understanding
of a Culture, Nature, Landscape, major Design Principles of Parks and employment opportunities for the
locals are also taken under considerations.

“JOURNEY THROUGH CIVILIZATIONS”

EXCUTIVE SUMMARY
Traveling on the Makran costal highway about 6 km away from Kund Malir one would be struck by the
sublime beauty of the smooth road of Buzi Pass as it snakes its way through the mountain. Sitting in a
car on the Buzi Pass one can enjoy the vast blue water of the Arabian Sea on one side, then turn your
head and marvel at the grandeur of majestic mountains on the other side. When you look at the lofty
peaks along the coastal highway you will observe the Princes of Hope and Lion of Balochistan.

We are proposing to government of Pakistan to make a theme park on buzi pass. The main element of
this park would be display of civilization by carving on the mountains. Stone carving is centuries old art
of Pakistan and there are thousands of skilled workers who unfortunately don’t have work
opportunities. This project will provide a platform to the labor and will increase the tourism in the
region. The makran coastal highway is the part eastern cpec route so this will attract more visitors.

The main idea is to increase tourist attraction in the Gwadar which will automatically boost the industry
and will provide employment to the people od Balochistan.
Table of Contents
ABSTRACT

EXCUTIVE SUMMARY

Chapter # 1: Project Overview

1.1. Introduction……………………………………………………………………………

1.1.1 The Project…………………………………………………………………….

1.1.2 Need……………………………………………………………………………

1.1.3 Importance…………………………………………………………………….

1.1.4 Client/ users…………………………………………………………………...

1.2. Scope of work…………………………………………………………………………...

1.3. Objectives of Designing the Project…………………………………………………..

Chapter # 2: FINANCIAL FEASIBILITY ANALYSIS

2.1. Financial feasibility.....................................................................................................................

2.2. Product mix and area consideration ………………….……….………………………………..

2.3. Phasing ……………………………...…………………………………………………………………..

2.4. Period of analysis …………………………………………………………………………………..

2.5. Cost related assumptions ……………………………………………………………………………

2.6. Pre-operative charges and contingencies …………………………………………………………..

2.7. Operating and maintenance cost ……………………………………………………………………

2.8. Revenue and utilization assumptions ………………………………………………………………

2.9. Financing and taxation assumptions ……………………………………………………………….

2.10. Summary of financial analysis results ……………………………………………………………

Chapter # 3: SWOT ANALYSIS

3.1. Strength ……………………………………………………………………………………..
3.2. Weakness ……………………………………………………………………………………
3.3. Opportunities ………………………………………………………………………………..
3.4. Threats ………………………………………………………………………………………
CHAPTER # 1: PROJECT OVERVIEW

1.1. INTRODUCTION:

Gwadar (‫ )گوادر‬is a port city on the southwestern coast of Pakistan's Balochistan province where the
Arabian Sea meets the Persian Gulf just outside the Strait of Hormuz near key shipping routes in and out
of the Persian Gulf. Under development as a free trade port, it is the district headquarters of Gwadar
District. It is about 700 km from Karachi and 120 km from the Iranian border.

The main idea is to increase tourist attraction in the area which will automatically boost the industry and
will provide employment to the locals.

There are three main places to visit in Gawadar

 Hingol national park

 Kund malir beach
 Buzi passs

We have selected the Buzi Pass,

Buzi Pass
Traveling on the Makran costal highway about 6 km away from Kund Malir one would be struck by the
sublime beauty of the smooth road of Buzi Pass as it snakes its way through the mountain. Sitting in a
car on the Buzi Pass one can enjoy the vast blue water of the Arabian Sea on one side, then turn your
head and marvel at the grandeur of majestic mountains on the other side. When you look at the lofty
peaks along the coastal highway you will observe the Princes of Hope and Lion of Balochistan.
1.1.1. The Project:

The project is to revive the Civilizations through a real entertaining environment.

We are proposing to government of Pakistan to make a theme park on buzi pass. The main element of
this park would be display of civilization by carving on the mountains. Stone carving is centuries old art
of Pakistan and there are thousands of skilled workers who unfortunately don’t have work
opportunities. This project will provide a platform to the labor and will increase the tourism in the
region. The makran coastal highway is the part eastern cpec route so this will attract more visitors.

1.1.2. Need:

The need is to give the knowledge of history, art and architecture to foreign tourists as well as local
tourists, for an active recreational leisure area close to nature for the refreshment of mind and the soul in
this age of environmental crisis. And to boost the tourism industry in Pakistan

1.1.3. Importance:

• This shall be a totally unique contribution to the industry of recreation and become the major
tourist attraction.
• This project is directly indirectly related to our CULTURE and HISTORICAL facts of fantasy.
• This project after implementation could be an asserts of CULTURE for new generation.

1.1.4. Client / Users:

Clients is the government of Pakistan

Families, the park would be catering the visitors of all ages for active participation. Tourism would also
be promoted by this park.
1.2. Scope of Work:
There are many directions to explore this project includes a lot of dimensions as it is. This is a project
which has its basis foremost on master planning. Balochistan acquire total 43% of the land area of
Pakistan but only the 5% of population of Pakistan. In order to explore the natural resource hidden in
Balochistan we need to develop its cities. This project will give employment opportunities to the people
which will automatically attract the population as well as tourists.

1.3. Objectives of Designing the Project:

 To provide an escapist environment where visitors feel cutoff the trials of outside world.
 NATURE the main head (All Natural recourses will be use which require less maintenance).
 To provide activities which convey message to the visitors and not just passive exhibits.
 Designing live able spaces/ public interactive spaces.
 To boost the tourism industry of Pakistan particularly in Balochistan
 To increase the employment opportunities in the region
CHAPTER # 2: Financial Feasibility Analysis

In this chapter, detailed financial analysis has been conducted for proposed civilization theme park.
Based on the detailed financial analysis, the probable and realistic receivables from the project have
been projected.

2.1. Financial feasibility:

The purpose of the Financial Analysis is to have perception of different scenarios of

development from the developer’s perspective and to then see how much GOP can get from the
developer while ensuring that the developer gets a reasonable return on his equity. Post Tax NPV
of equity cash flows is considered as indicator of surplus generated from project, while insuring a
return on the tune of 25% on equity to developer. Thus Post Tax NPV of equity cash flows
reflects the amount which developer can pay towards land premium to GOP, while making a
reasonable return on his equity.

Following are the major assumptions and considerations for the financial analysis:

2.2 Product mix and area consideration:

The proposed recreational development is envisaged to be developed as an Amusement cum

Theme Park integrated along the coastal development including boating and carving of existing
rocks and mountains, Spread over an area of 35 acres, the park shall be capable of
accommodating many facilities and activities. The scale of the development is proposed
considering the characteristics of catchment area. The area buffer is being provided to the
developer in order to provide freedom of design to the developer, so that unique state-of-the-art
facilities can be added in the project at the discretion and as per market assessment of the project
developer. Following are the detailed product mix and area break up for the proposed
development, which has been worked out by the group members taking inputs from relevant case
studies, most of which have already been discussed in the Financial Feasibility and Project
Structuring Report and discussion with the experts previously involved in similar projects

Total Area Available for theme 35 acres

Park
Total Area Available – 5 acres
Recreational Public Park
FSI 0.1%
Permissible built up area 152000 sqft
Boating base and boating area 4 acres
Stones carving and civilization 2 acres
display area
Land area for rides 10 acres
Restaurant and cafe 1.5 acres
Area-admin offices etc 0.46 Acres
2000 sqft BUA
Pathways road 4.5 acres
parking 4 Acres
400cars

2.3 Phasing:

It is assumed that the project will take 2 years for construction and development. Yet 3 years
construction period has been allowed to the developer before operations start in the project.

2.4 Period of analysis:

Period of financial analysis is taken as 30 years, including period of construction.

2.5. Cost related assumptions:

Capital Investment: While calculating the project cost, the assumptions have been based on
market feedback.

Following are the cost considerations for the project:

Following are the cost 150 Rs/ Sq ft

considerations for the project:
Parking Area Development 200 Rs/ Sq ft
Restaurant Development Cost 2500 Rs/ Sq ft
Admin Bldg Construction 1900 Rs/ Sq ft
Machines & Equip - Rides* 70 lakh Per ride
Other Equipments (Gensets etc) 400 lakh Lump sum
It is assumed that useful life of major Machines & Equipment (Rides) ranges between 10-20
years. Therefore replacement of all major Machines & Equipments is considered after 15 years.
An escalation of 5% per annum is also considered in cost of major Machines & Equipments.

2.6. Pre-Operative Charges and Contingencies:

Pre-operative charges include Feasibility study & design consultancy fees, Project management
costs, Administrative costs, Charges payable to civic authorities, Publicity and advertisement
expenses, Marketing expenses, Miscellaneous Expenses and Interest During Construction. A
total of 24% of estimated project cost is considered towards Pre-Operative Charges and
Contingencies.

2.7. Operating &Maintenance Cost:

Following are the Operating and Maintenance considerations for the project:

Inflation 5%
No. of Employees 50 approximately
Employee Wage Rate @ Rs 25000/ employee/ month
Total Electricity Consumption (Vol) @ 50000 units/ month
Electricity Rates @ Rs 5/ unit
Maintenance Rate 6% of the machine cost per annum The
Maintenance in Machines is 6% in the 1st year of
operation and increases gradually to rise to a
maximum of 20% of the machine cost per annum.

RESTAURANT
No. of Support Employees @ 20
No of Head Chef 4
Wage Rate -Head Chef Rs 50,000/ employee/ mont
Wage Rate- other Employee Rs 25000/ employee/ month
Raw Material - Restaurant 35% of the revenue from restaurant
Maintenance Rate for restaurant 1% of the capital cost 0-15th year, 2% of the
capital cost from 15th year to 30th year
ADMIN
No. of Employees 30
Employee Wage Rate- Lower level@ Rs 30000/ employee/ month
No. of Employees 8
Employee Wage Rate - Mgmt level Rs 60000/ employee/ month
2.8. Revenue and Utilization Assumptions:

ticket 1500 Rs per person

Parking fee 50 Per car
FOOTFALLS
No of Footfalls on Weekdays 900 Per day
No of weekdays 261 Per year
No of Footfalls on Weekends 2000 Per day
No of Weekend Days 52 Per year
ADVERTISING
Advt Rates 30000 Per month
No. of Advertisements 10 Per month

Estimated revenue 12 Lakh per day

Escalation in revenues is considered as 5% per annum.

2.9. Financing and Taxation assumptions:

Debt Equity Ratio: Debt Equity Ratio is taken as 50:50.

Interest Rate: The rate of interest for the analysis has been assumed as 13.5% per annum.

Debt Repayment Period: 7 year debt repayment period has been considered for the proposed

development.

Taxation: The tax rates have been taken as follows:

Tax Component Rate

Base tax rate 30%
Surcharge on base rate 10%
Education Cess on (base rate + surcharge + Higher 3%
Education Cess)
Effective Rate 33.99%

2.9. Summary of Financial Analysis Results:

Project Cost

RS LAKH
Site Preparation and landscaping Cost 20000
Parking Area Development 200
Restaurant development cost 200
Admin building 50
Total 10000
Other equipment cost 400
Estimated cost 30850
Other pre-operative cost @24% of operative 7407
cost
Total project cost 38254

Total project cost: 38254 lakh pkrs

IRR
Project IRR (Pre-Tax) 26.2%
Post Tax Equity IRR of the Project 25.4%

NPV
NPV of Equity Cash Flows (Rs Lakh) @25% 24.2%
discount Rate

Results of financial analysis show that Pre Tax Project IRR is coming out to be is 26.20%, which indicates
that project is viable. Post Tax Equity IRR of the project is coming to 25.40%, which is higher than the
target of 25%, which is IRR that investors will most likely seek from such an investment. Considering a
discount rate of 25%, the NPV of equity cash flows, which symbolizes the surplus/ deficit generated by
the project, while insuring 25% returns on developer’s equity, comes out to be Rs 24.22 Lakh. This
indicates the project has potential of generating Rs 24.22 Lakh in NPV terms.
CHAPTER # 3: SWOT ANALYSIS

3.1. STRENGTH:

 Proposed project is on the makran coastal highway which is part of cpec, so in future the
area will have large number of foreign tourists
 Great employment opportunity for the locals
 Will add the value to the region
 Park will feature civilization which will be a new experience for the tourists

3.2. WEAKNESS:

 There is no machinery locally available which will increase the construct cost
 Population is far from the site because of which labor will be expensive

3.3. OPPORTUNITIES:

 With the development of other cpec projects we can hope to attract more and more
visitors
 With various promotional offers like annual passes, discounts on hotel stay and multiple
visit passes, the park can try to increase its customer base.
 The project will give a new life to the dying art of carving

3.4. THREATS:

 The region doesn’t have utilities at the moment which could delay the project working
 Due to no population there might be snakes and some wild animals