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Land Victoria seminar October 28 th , 2004

Land Victoria seminar October 28 th , 2004. Benefits resulting directly from Option 1 (PV = 4%) Water savings (@$70/ML/year) 57.1 Commercial land use (based on agriculture) 1.8 Savings in cost of water treatment in Shepparton 1.3

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Land Victoria seminar October 28 th , 2004

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  1. Land Victoria seminar October 28th, 2004

  2. Benefits resulting directly from Option 1 (PV = 4%) Water savings (@$70/ML/year) 57.1 Commercial land use (based on agriculture) 1.8 Savings in cost of water treatment in Shepparton 1.3 Current management and operation costs avoided 12.5 Total quantified benefits 78.6 Loss of net economic value of recreation activities 4.3 Capital costs of works 13.5 Wetland establishment costs 0.2 Buffer establishment costs 0.7 Wetland and buffer maintenance costs 0.4 Total quantified costs 75.7 Net Present value 2.9

  3. Option or scenario 1 IRR = 12% NPV = 2.3 Millions Option or scenario 2 IRR = 1.3% NPV = -1.3 Millions

  4. What regions are the beneficiaries? Who is going to be affected?

  5. Research Problem The lack of a spatial dimension in Cost-Benefit Analysis limits the ability to make policy decisions Research Objective To develop a method and associated tools to incorporate a spatial dimension into the policy making process

  6. Why we want a spatial dimension? • To better understand the effects of the project • To allow public participation • To generate more indicators for decision-making (NVP/population) and support not only economic factors

  7. DISCUSS: • Analysis follows CBA • It is not a technical system producing a final results • The main objective is to identify effects and regions where discrepancies between stakeholders exist

  8. DISCUSS:

  9. Option 1 Return to Winton Swamp Result Stakeholders(excluding government official) High Disagreement Low Disagreement

  10. Option 1 Return to Winton Swamp Result Stakeholders(excluding government official)

  11. Option 1 Return to Winton Swamp Result Stakeholders(excluding government official) Positive effect Negative Effect

  12. Option 1 Return to Winton Swamp IRR = 12% NPV = 2.3 Millions

  13. Option 1 Option 4 Return to Winton Swamp Revised operating rules for Lake Mokoan NPV = 2.3 Millions NPV = -21.4 Millions

  14. Option 1 Option 4 Return to Winton Swamp Revised operating rules for Lake Mokoan NPV = 2.3 Millions NPV = -21.4 Millions

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