Fisheries economics and trade
Killybegs: Cost Benefit Analysis of Harbour Investments Ireland
Department of Communications, Marine and Natural Resources - Project Dates:
Description of Project:
The study conducted an economic analysis of harbour development proposals for Killybegs in Northern Ireland.
The analysis used cost estimates from existing engineering studies already completed, and following the quantification of all fishing and non-fishing economic benefits, calculated the value (NPVs) of different investment options using a discounted cash flow analysis. Non-quantifiable benefits, such as improved safety, were also considered, and a sensitivity analysis completed to test the modelsí assumptions.