Fisheries economics and trade

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Region:    UK and Ireland

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.

Services Provided:
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.