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About the Project Master Plan Incentive Packages Project Area

  
   MASTER PLAN EVALUATION

      Economic Evaluation

Economic Benefits and Economic Internal Rate of Return

  1. Industry:

Benefits:

  • Change in land use from Agricultural to Industrial Land Use: Total value of industrial land less cost of development/conversion from agricultural to industrial land (incremental land value)

  • Increase in employment
    Total earnings (salaries and wages) of professional and management personnel and skilled labor

Computed EIRR:
 

Year 1-25 = 23%

Year 1-15 = 18%

  1. Agriculture

Benefits:              

  • Increase in production value

  • Additional revenue to households

  • Cost savings of importing fiber crops

  • Avoidance of damaged abaca fiber

  • Additional food supply

  • Additional feed supply for livestock

Computed EIRR: = 46.4%

  1.  Social Sector

Benefits: 

  • Cost savings of local residents/users of facilities

Computed EIRR: = 37.1%

   Environmental Impact Examination

Aspects Likely to be Affected by Interventions/Hazards General Nature of Impact Mitigating Measure for Negative Impact
 1. Provision of Water Supply Positive  
 2. Food Supply Positive  

 3. Labor Supply

Potentially Negative Empowerment of workers to protect their rights
 4. Urban Transport System Potentially Negative Proper traffic management
 5. Seismic Hazards and Volcanic Eruption Negative Relocation; community warning system
 6. Flooding Negative Flood control; disaster control community warning relocation

Social Housing

 7. Watershed degradation Positive  

   Social Impact Examination

Aspects Likely to be Affected by Interventions/Hazards General Nature of Impact Mitigating Measure for Negative Impact
Employment generation Positive  
Changes in family income Positive  
In-Migration Potentially negative Social housing
Health hazards Potentially negative

Improved services; environmental monitoring

Tenure Positive Land use control  management/legislation
Access to Housing Positive Social Housing
Culture and arts Potentially negative Active advocacy of cultural preservation, cultural tourism
Peace and order    
Traditional values, beliefs and practices    

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Camalig

Daraga

Guinobatan

Legazpi City

Ligao City

Oas

Polangui

Baao

Bato

Bula

Iriga City

Nabua

Naga City

Pili

Daet

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