Killybegs: Cost Benefit Analysis of Harbour Investments
Client: Department of Communications, Marine and Natural Resources
Project Dates:
Project objectives:
The study conducted an economic analysis of harbour development proposals for Killybegs in Northern Ireland.
Poseidon 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 models’ assumptions.