Projects } TBK Capital

International Urban Mass Transportation System

Metrino Global Projects Ltd (MPG) is a New Zealand company which owns the Intellectual Property and all rights to commercialise a unique modern form of urban mass transport with a global market.

Metrino Global Projects Ltd (MPG) is a New Zealand company which owns the Intellectual Property and all rights to commercialise a unique modern form of urban mass transport with a global market.

The system was developed in Europe where it was fully designed and tested.  Its operating software has since been codified and will be licensed internationally to cities for commercial use.  

Metrino is the only land-based public transportation system providing affordable service to passengers while operating at a profit without government subsidy.

MGP is a licencing company with operational oversight.  It does not produce goods or services for sale and does not earn income from fixed assets or cash holdings.  The owners are New Zealand citizens who reside in Auckland. 

Accordingly, at some later stage in its development, MGP would have institutional appeal. The structure of this Offer is designed to attract such attention.

Multiple benefits to a city

Metrino’s appeal to councils is that it offers a solution to reduce traffic congestion and auto pollution - saving public authorities billions of dollars in development costs. It is inexpensive, safe and secure, allowing people to travel point to point, direct to destination, and without stopping or sharing with strangers.

It offers connection to other transport hubs - airport, metro, bus and train.  Its design allows it to occupy unused space within the public right-of-way.  And its speed and cost of construction is one-tenth of that required for surface rail - with very little disruption.

A dozen cities around the world have expressed keen interest in Metrino and a modern city in the EU has recently approved and authorized its implementation there. 

System benefits include:

  • Direct personal service to airports, hotels, offices and visitor attractions.
  • Ambulance service taking patients or accident victims directly to hospitals without stopping.
  • Dedicated pods for rapid freight delivery.
  • A major attraction for commuters and visitors.

Fare levels are competitive with existing transport systems on a passenger/kilometre basis.

Revenue Streams will be obtained from passenger ticket sales, advertising and freight delivery.  A municipal sales tax provides long term revenue to cities using the system. The business model estimates a three-year evolution before profitability. At that point the Company will have a steady and increasing income stream as it expands into multiple markets. 

Stakeholders have so far invested US$1.55 million (NZ$2.18 million) to advance the project to this stage.
The Offer

Metrino Global Projects Ltd is raising up to NZ$1 million by means of a 4-year interest bearing Convertible Note.  The Notes will pay 5% interest per annum to investors until the Conversion Date: 48 months from receipt of investor funds. 

If investors choose to convert to equity they will receive shares in MGP based upon a valuation of the company at that time.  If they choose not to convert they will receive the return of their principal plus accrued interest to that date. 

Institutional investors may consider this a cost effective entry ­- now or at a later date - to a New Zealand owned licensing business with a global market.

Use of Funds

The funds raised in New Zealand will be used to market Metrino in North America and Europe and to prepare the business for the next finance raise of US$5 million (NZ$7.05 million).  Funds raised from this Offer will:

  • Establish an MGP office in the United States.
  • Create a US entity to seek major funding from multiple sources.
  • Pay legal, accounting and processing costs required for these sources.
  • Commence Metrino marketing in the USA and EU.

Metrino Global Projects Ltd will own controlling interest in all markets, including New Zealand, where the PRT system is implemented. 

The Company will be the majority shareholder in all Metrino enterprises worldwide. Shareholders will receive dividend income generated from entities owned by MPG in the international markets.  

The Business

Rapidly growing population and travel volumes are overburdening transportation capacities and resources while increasing air pollution. Most public transport systems require major capital development as well as large subsidies to keep them operating.

There is global demand for a scalable, self-funding and profitable system which serves the local population as well as tourism and commercial sectors.

Metrino offers a unique solution to reduce traffic congestion and auto pollution in cities throughout the world.

For passengers in a COVID world it provides sanitation, security, privacy and comfort.  The new technology combats virus and bacterial risks through a continuous utilization of safe non-chemical and automated air and surface cleaning.

MGP will also operate a development centre for testing and certification of all components used in the Metrino PRT system.  Specific to this is the installation of Operating, Security and Automation software.  When completed this centre will double as operations oversight for all Metrino systems world-wide.  

The first commercial operating company is scheduled for Szczecin, Poland; a guaranteed EU market. 
Intellectual Property

The IP has been assigned by the innovator, Ollie Mikosza, to MGP for commercialization of the Metrino PRT transportation system in multiple markets.  It is largely contained in four categories:

  1. Software and IT systems - for Automation, Operations, Security.

  2. Government approval to develop and implement Metrino PRT in.

  3. Current patent for mechanical designs.

  4. Engineering expertise gained from production of the Metrino prototype.

The system software is proprietary and will not be shared or made public.  Updating and adaptation of the designed software is the key element of pre-production work to be undertaken prior to system implementation in the City of Szczecin. 

Approval from Szczecin was obtained through personal negotiations with city officials and PKO Bank Polski, Poland’s largest bank.  The bank has indicated strong interest in providing construction finance.

Profit Estimates

Realization of gross (pre-tax) profit of US$101 million (NZ$142 million) after 12 months operation of a 20-km system.  System construction is initially priced at US$14 million (NZ$20 million) per km for full operation. 

Serious expressions of interest have come from Dublin, Istanbul, Delhi and Las Vegas.  MGP anticipates three markets in development or operation within five years of certification.

The Metrino business model calls for a three-year evolution to profitability. At that point the Company will have a steady and increasing income stream with continuing expansion into multiple markets. 

Want to know more?
An Information Memorandum describing the above is available on request.  For a copy reply to this email or give me a call on 021 902 901.

The above investment is not an offer of financial products that requires disclosure under the Financial Markets Conduct Act 2013 (Act) and is available only to wholesale investors as defined by that Act. It is intended for distribution only to selected people to whom, under the relevant laws, it can be lawfully distributed. It cannot be distributed in any other jurisdiction, or to any other people. It is not an offer or solicitations in any jurisdiction in which such offers or solicitations are not authorised, or in which the person making such offers or solicitations are not qualified to do so, or to any person to whom it is unlawful to make such offers or solicitations. Any representation to the contrary would be unlawful. No action has been taken by any person that would permit a public offering in any jurisdiction where action for that purpose would be required.


John Paine B.Sc., Dip BIA
TBK Capital Limited
Level 10,120 Albert Street
Auckland 1010, New Zealand
Phone +64 9 307 3257
Mobile +64 21 902 901

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