Frameworks for markets/ Institution building.
There is an urgent need for strengthening the management framework at the Port Authority to ensure that the port’s operational strategy is based on commercially beneficial and financially sustainable principles. The conditions of the Bank’s financing will include preparation of a medium term Business Plan as well as a Marketing Strategy, with particular focus on tariff policy and customer/market orientation.
Private ownership/ new private provision of goods and services
The Bank's involvement in the Project will result in private sector development of the port area in Dubrovnik and opening of a market, traditionally operated by state-owned enterprises, to the private sector.
Transfer of skills.
(a) the supporting TC component will include training modules for the Port management in business planning and market strategy preparation as well as the introduction of a dual accounting system and reporting under international financial reporting standards
(b) the preparation and completion of the open tendering procedure will provide valuable skills transfer in the procurement area, which can then be expanded and built upon during the subsequent second phase of the port development and preparation of the private concession tender.
The development option adopted in Dubrovnik, with the infrastructure upgrade linked closely to plans for private sector development of port property area, is expected to invite replication in other ports in the area.
€ 313,000 (Spanish, UK and US funds), already contracted out to prepare an information memorandum for potential investors/operators that may have an interest in financing and operating new passenger terminal facilities;
€ 180,000 TC funded by the Dutch TC Fund for project due diligence; completed;
- € 200,000 TC assistance to be mobilised for UR 198,000 for assistance with institutional development of the Port Authority including introduction of IFRS accounting, preparation of the marketing strategy and business planning procedures.
For business opportunities or procurement, contact the client company.
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