Location: Ordu, Turkiye

Date of Start and Completion: February 2023 – January 2024

Clients: Ordu Metropolitan Municipality

Sub Consultant: VestA ECC.

Project Description:

This study project aimed to assess the impact of the main urban projects carried out between 2019 and 2023 in the Ordu Metropolitan area. Impact Assessment (IA) is a formal, evidence-based procedure that evaluates the potential economic, social, and environmental effects of the projects.

Moreover, one of the objectives of this assessment was to provide a better understanding of the municipality’s performance from 2019 to 2023. The assessment was associated with the United Nations’ Sustainable Development Goals (SDGs).

In this assessment, various aspects were considered, including citizen satisfaction, changes in the achievement of sustainable development, and changes in the value of the city.

The findings of this study have provided valuable insights for future efforts aimed at ensuring that Ordu Metropolitan Municipality (OMM) progresses toward sustainability and prosperity.

At Protek Yapi ECC, various factors were considered, including changes in the city’s value and citizen satisfaction, as well as achieving sustainable development goals, to conduct impact assessments. The Ordu Strategic Plan places considerable emphasis on the vision of the OMM as a region that prioritizes safety, reliability, and virtuousness. Furthermore, its objective is to position the region as a highly appealing location for economic production and investment. Based on such vision, we established a set of criteria and indicators and provided the results of the impact assessment to support the realization of Ordu Metropolitan Municipality’s vision and to ensure a prosperous future.

The study comprised two main components: 1. Impact Assessment, and 2. Credit Worthiness.

1. Impact Assessment

The first component was centered on conducting an impact assessment of the Ordu Metropolitan Municipality activities spanning from 2019 to 2023. Additionally, it generated supplementary outputs that can be utilized for various purposes. The study included the following primary activities:

In Preliminary Analysis; we created a comprehensive inventory and classification of the projects executed in OMM from 2019 to 2023.

We Performed a Citizen Satisfaction questionnaire-based survey to gather input from individuals regarding the projects that were executed between 2019 and 2023. The results indicated that Ordu Metropolitan Municipality has been very successful in implementing future-oriented projects (from 2019 to 2023) and increasing trust between citizens and local authorities.

 We also performed a sustainability evaluation using the SDGs tool created by the United Nations to verify the efficacy of the executed initiatives from a professional standpoint. Projects conducted by OMM were found to have fully met six SDGs including Gender Equality, Clean Water and Sanitation, Climate Action, No Poverty, Zero Hunger, and Affordable and Clean Energy. It is worth noting that initiatives like the “Activated Carbon Project,” “Generating Electricity from Garbage,” “Production of Polyethylene,” “Drinking Water Lines,” “Urban Sewage,” “Establishment and Activities of the Social Market,” and the “FINVER Project” were identified as high-impact projects regarding their contribution to SDGs achievement.

Then, in City Value Change, applying Intermediate Variables for evaluating the effects of projects, then calculating the shadow prices through Net Present Value (NPV), Social Return on Investment Costs (SROI), and Ratio to the GDP as main approaches, we quantified the change in OMM value and demonstrated the role of OMM’s activities from 2019 to 2023. Based on the last steps outputs, we developed a campaign for Public Awareness Brochures and other graphical materials intended to enhance the visibility of OMM’s activities. In Strategic Planning; a road map and strategic recommendations were formulated for the subsequent five years to surmount the existing limitations. Finally, we developed a final report that graphically represents all accomplishments.

2. Credit Worthiness

The primary objective of this assignment was to conduct a comprehensive analysis of the present economic, financial, operational, and organizational performance of Ordu Metropolitan Municipality. By this analysis, we aimed to assess the creditworthiness of OMM to determine its eligibility for securing financing for its projects.

In Economic Profile Analysis, We, as Protek Yapi ECC, conducted a comprehensive analysis of the regional economy, furnished insights on economic policy, and assessed potential investment prospects within the area. Therefore, a concise summary of the socio-economic context was presented. The objective of the analysis was to examine investment prospects and identify the essential factors required for the region to attain its development objectives. The financial stability of a municipality is one of the key factors that determine its capacity for debt, limits on indebtedness, and overall solvency. Hence, it was imperative to conduct a thorough examination of the present financial state of the municipality and its institutions.

This analysis should encompass an assessment of their financial strengths and weaknesses. The findings were used to evaluate the institutions’ ability to repay debts in the future and to make informed decisions regarding potential financing options. Then, by financial analysis, results were prioritized and analytical insights were emphasized. In addition to presenting the financial data, our objective was to provide insights into the composition of these items and their trends, elucidate the cause-and-effect relationship between them, and offer interpretations.

Upon the completion of the economic analysis and financial analysis reports, we proceeded to a comprehensive report titled “Creditworthiness Report.” This report provided a final conclusion regarding the credit level of OMM concerning fund attraction. It also incorporated OMM’s feedback on the economic and financial analysis reports.