ASSUMPTIONS TO THE ECONOMIC
Project Beneficiaries: The beneficiaries of the project will encompass the direct and indirect public and private stakeholders of the port. In the former case, this will encompass the Monserrate Port Authority, shipping companies, importers and exporters, freight forwarders, road haulers, rail operators, and employees of the port. In the indirect case, beneficiaries will include employees in supportive business and their families, together with tradable sectors of the economy and ultimately, consumers and producers both inside and outside Monserrate.
For the purpose of the analysis, benefits and costs are stated in constant 2017 prices. The exchange rate used in the analysis is USD1.00 = £ 0.76 (September 11, 2017). The analysis was performed over a 25-year period of operations.
GENERAL
The ERR has been estimated based on incremental analysis deduced from comparing “With Project” and “Without
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This will contribute to an increase in vessels at the port. The key incremental Quantifiable Benefits are outlined below.
Increase Inflows from Cruise Passengers: One of the economic benefit which can be quantified is the increase inflows from cruise passengers, particularly during the winter tourist season (December 15 – April 15 of each year). It is anticipated that the improvement in port operability will contribute to an additional 11,700 cruise passengers a year after project implementation and peak at 14,086 four years after. The average expenditure by cruise passengers visiting is estimated at USD 60 or per passenger. This amount is considered a conservative estimate for Monserrat given the absence of dedicated shopping and other supporting portside facilities. Leakage is estimated at about 30%. Also, passenger head tax of USD$5 is considered in the
In the British colonies, there was a labor crisis, especially in the Chesapeake Bay area. When the European first arrived, the widespread of disease killed thousands of Native Americans. This meant that there weren't many people available to work on the massive plantations the British colonists had established. However, most African slaves did not die from the diseases that the British brought to North America. This meant the trade began between the Americas and Africa and slaves would be brought via the Middle Passage. Moreover, in Virginia, tobacco was becoming the main crop that farmers were growing to make profit. Tobacco was a crop that need special attention when it came to growing since it often took up most of the nutrients in the soil.
Another problem is tourists may be on an all inclusive cruise ship so may go around the town and spend a bit of money but are unlikely to buy any food or get anything to drink as it is all available to them on the ship where they can eat and drink as much as they want. This means the local economy will miss out. Most cruise ships either accept UDA or Euros which means that the locals lose money. Cruises tend to be seasonal, meaning that if there is bad weather they may not get off the ship at all, and in low season the local town will not make a lot of money, especially if they are reliant on tourism because they will not make a lot of money in low season, which could cause business to go bankrupt. This also
The investment requested is £12 million. Strategic and operating benefits were summarized in our previous memo to you. We have made, however, some changes to our investment analyses, which appear below.
Shipbuilding is one of the oldest industries in the United States. The European settlers bring this job in America. Shipbuilding is improving very fast because many dense forests enough raw materials to build a big, strong ship for a long journey. Shipbuilding is hard during colonial times, it is important for the European settlers and how it becomes one of the most important jobs in America.
Hudson’s Bay, is a large body of saltwater in NorthEastern Canada. It drains in a very large area, including Ontario, Quebec, Saskatchewan, Alberta, Manitoba, and some of Nunavut. Hudson’s Bay has a SouthEastern bay called James Bay.
The Hudson-James Bay (HJB) complex has a total annual discharge of 760 km3, based on which, the annual runoff yield of HJB was reported as 0.9 to >1m (Déry et al., 2011; Granskog et al., 2011). This reported yield was found to be three times greater than the total yield of the Arctic Ocean, with the receiving volume (depth averaged 125m), also, was much smaller than the Arctic Ocean (Serreze et al., 2006). This implies the huge runoff volume into the Hudson Bay. Most of the riverine flow is through the James Bay which is approximately 80% of the total volume (Granskog et al., 2007). Addition of significant volume of freshwater to a marine system has obvious impacts on the physical, chemical, biological, and geological systems of the bay. Not
The Hudson’s Bay Company is a global retailer who has been around since 1670, making them the oldest company in North America. HBC is known for their department stores, with more than 480 stores and over 66,000 employees worldwide. In 2016, HBC had $3.3 billion sales in Canada, $6.4 billion in North America, and $4.8 billion sales in Europe. HBC also has a popular e-commerce site which was launched in 2000. In North America and Europe, HBC has 10 banners which are Hudson’s Bay, Lord & Taylor, Saks Fifth Avenue, Gilt, Saks OFF 5TH, Find @ Lord & Taylor, Home Outfitters, GALERIA Kaufhof, Galeria INNO, and Sportarena. These banners had a digital sales growth of 16.6% in 2016.
Beneficiaries. The people and parties who actually use the services and goods created by the TBT, or we can call them as the customers. The beneficiaries of the TBT mostly are the kids, especially the kids with the special needs. In this project, the beneficiaries would be the stakeholder who will get more benefits, because the project will help TBT to raise the funding to improve TBT’s service.
An improvement that significantly contributes to the freight system’s economic activity or vitality; relieves congestion on the freight system; improves the safety, security, or resilience of the freight system; improves or preserves the freight system infrastructure; implements technology or innovation to improve the freight system or reduce or avoid its negative impacts; or reduces or
By the practical knowledge and new perspective that I gain through this post-graduate program, I will proactively apply the planning, technical concepts in analyzing, and the principles underlying port transportation management in my workplace.
Littleton Manufacturing is …. For years, they have been able to capitalize on synergy between the Information Technology group and other departments and look to continue that trend with the deployment of a new paperless job posting system. A similar transition to paperless in their purchasing group has saved the company millions of dollars, so digitizing another manual paper process seemed like a sure bet. However, a recent change at top executive leadership threatens to derail the project. This analysis is based on information provided on the article and some reasonable assumptions made by the reader. It is divided into sections for each of the identified key problems and within
The time horizon of the benefit-cost analysis covers the construction period from 2015-2019 for each alternatives, and an operational period for 35years. All benefits are expressed in constant dollars, and discounted to 8%.
Sterling Bay is known for its natural magnificence, located by the sea with its long, pristine beautiful beaches, hills and a small population of 5000 people. Its undisturbed unique limestone caves and incredible rock pool formations are some of the Bay's natural attractions. The abundant marine life suppy around has provided the fishermen locals to sustain their living conditions for over generations. However, although there is a built up town situated away from the beach, it is just a small portion of the land and did not affect the rural and natural atmosphere of Sterling Bay. Together with the fishing culture and expertise of the locals, all these relatively unspoilt natural conditions possess a big potential for the tourism industry to be further developed in the areas to boost the economy and conditions of the local settlements. WTTC’s annual research shows Travel and Tourism’s contribution to world GDP grew for the fifth consecutive year in 2014, rising to a
Indirect benefits. The expansion will offer more highly skilled positions for the Vietnam workforce which will help boost the economy.
We have a limitation on the amounts of ships docked at our cruise ship berth because of its size. The main infrastructure would be to construct a new cruise ship berth, repair the old ones at Portsmouth and Roseau. The Canefield airport should be transformed to a new cruise ship berth. The new berth should be able to accommodate four ships which should include at least three restaurants providing local meals only. An extended parking lot for taxi drivers . The main cruise ship berth now in the town of Roseau should be repaired to accommodate two ships instead of one. The path to the ships should be replaced by concrete instead of wood. Minor repairs should be done to the Portsmouth cruise ship berth. The second main infrastructure would be