Economic-financial feasibility study for the conversion of the ferry propulsion from diesel to LNG for the LPT service for an operator in Emilia-Romagna
The objective of the assignment is to develop a feasibility study to verify the economic sustainability of the project to convert the propulsion of the ferry from diesel to LNG. The economic sustainability of the project was also analyzed in terms of a possible revision of the current tariffs and the current consideration.
The first phase of work included the analysis of the current user and the analysis of the possible catchment area i.e. the potential user also depending on the possible development projects in the port's tourism sector.
Analysis of the current tariff system of the ferry service and revision proposal
They have been analyzed:
- revenues by type of tickets sold;
- the current rates.
Definition of Investment Plan
The investment plan took into account both the investments directly linked to the conversion of the engine and the investments envisaged to improve the availability of travel tickets and accessibility to the ferry: automation of the sales system and automated access system capable of ensuring greater control and security for the influx of users.
In addition, the possible capital grants that can be "activated" were defined. Subsequently, a rough schedule of the investment plan and the ship's detention was defined.
Definition of organizational impacts and additional operating costs
The additional operating costs have been defined and quantified:
- During the ship's detention period: e.g. Ship rental
- At the end of the works: eg. necessary ad hoc qualified maritime personnel for LNG and electrical part.