Corporate Development Programme for a Ferry Operator in Izmir

The Challenge

The overall objective of the project was to improve operational and financial performance by means of implementing a Financial and Operational Improvement Programme (the FOPIP) for the ferry operator Izdeniz in Izmir, Turkey. The Consultant has prepared a comprehensive, long-term improvement programme (FOPIP) for the Company and the City to improve their sea ferry transport services, focusing on operations and financial performance. The FOPIP will feature a long-term review of the existing and future financial, technical, institutional, staffing, legal, environmental, social, public service contract and public-private partnership aspects of the Company’s and the City’s operations.

Tasks Performed

• Assessment of existing situation and development perspectives
• Assessment of Izdeniz ferry development potential
• Market and competition analyses
• Review of organisational and management issues
• Developing an operational performance programme
• Developing a financial improvement programme
• Assessment of other business opportunities
• Overall assessment of development plans and development of recommendations

Benefit

HPC prepared a comprehensive, long term improvement programme for the company and the city of Izmir to improve the sea ferry transport services, focusing on operations and financial performance, and also helped establish a transparent and efficient loan management.