Advanced Search
MyIDEAS: Login to save this paper or follow this series

Port Rehabilitation And Expansion: The Makar Project In The Philippines

Contents:

Author Info

  • Glenn Jenkins

    ()
    (Queen's University, Kingston, On, Canada)

  • Gangadhar Shukla

Abstract

In this paper we report on an evaluation of the feasibility of a port improvement project at General Santos City in the Philippines. For an analysis of this project, which is an expansion of an existing facility, the financial and economic analyses are conducted with and without the project. To identify the variables that would have an important impact on the project’s net present value and to assess the nature of the variability of the returns from this investment, a sensitivity and risk analysis is carried out. From this analysis we find that the proposed expansion plan of the port is neither financially nor economically justified. The mean and median of both financial and economic incremental net present values (NPVs) are significantly negative, showing that the financial and economic NPVs with the project are much lower than those without the project. This project turns out to be one that is sensitive to the time at which the project is started. The country will benefit if the project is postponed, but it should be postponed for a decade. Even with the expected poor financial and economic performance, the project does have major beneficiaries. The shippers of goods and livestock, and the shipowners will receive substantial benefits from the project. They will be strong and vocal proponents of this project because, while they receive most of the benefits of the project, they pay only a small share of the cost.

Download Info

If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
File URL: http://www.queensjdiexec.org/publications/qed_dp_122.pdf
Download Restriction: no

Bibliographic Info

Paper provided by JDI Executive Programs in its series Development Discussion Papers with number 1996-02.

as in new window
Length: 55 pages
Date of creation: Feb 1996
Date of revision:
Handle: RePEc:qed:dpaper:1222

Contact details of provider:
Postal: Kingston, Ontario, K7L 3N6
Phone: (613) 533-2250
Fax: (613) 533-6668
Email:
Web page: http://qed.econ.queensu.ca/
More information through EDIRC

Related research

Keywords: Port; Philippines; economics of port improvement;

Find related papers by JEL classification:

References

References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
as in new window
  1. Glenn Jenkins & D.N.S. DHAKAL, 1991. "International Trade In Energy: The Chukha Hydro-Electric Project In Bhutan," Development Discussion Papers 1990-01, JDI Executive Programs.
  2. Glenn Jenkins, 1994. "The Appraisal Of Investment Projects - A Teaching Approach," Development Discussion Papers 1994-05, JDI Executive Programs.
  3. Glenn Jenkins & GANGADHAR SHUKLA, 1991. "Resource Taxation And Project Feasibility: The Misima Gold Mine, Papua, New Guinea," Development Discussion Papers 1991-04, JDI Executive Programs.
Full references (including those not matched with items on IDEAS)

Citations

Lists

This item is not listed on Wikipedia, on a reading list or among the top items on IDEAS.

Statistics

Access and download statistics

Corrections

When requesting a correction, please mention this item's handle: RePEc:qed:dpaper:1222. See general information about how to correct material in RePEc.

For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Bahman Kashi).

If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

If references are entirely missing, you can add them using this form.

If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.

If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.

Please note that corrections may take a couple of weeks to filter through the various RePEc services.