Economic Benefits and Sustainability of Passenger and RecreationalTransport on the Waterway

Abstract

Economic evaluation of a public investment project is key document for assessing its suitability for financing. This paper deals with the evaluation of the benefit of water structure projects, which is not explicitly addressed in the methodological documents. It is a benefit in the form of assets related to the passenger and recreational transport on the waterway, which represent the key benefits applied to the projects promotingrecreational navigation. The aim of the paper is to identify and methodically describe the possibilities of determining the benefits of passenger and recreational transport on the waterway and, on a case study, present the method of evaluation of these benefits for a real project of a recreational port realization. From the methodological point of view, the paper is based on the principles of cost-benefit analysis and the basic procedures for the evaluation of benefits, which are subsequently supplemented with data on the existing and expected use of the waterway for recreational purposes. Conclusions of the paper further declare the applicability of the CBA principles as well as the analyses and prognoses made so far concerning the use of the recreational waterway for the economic assessment of the types of projects being dealt with.Economic evaluation of a public investment project is key document for assessing its suitability for financing. This paper deals with the evaluation of the benefit of water structure projects, which is not explicitly addressed in the methodological documents. It is a benefit in the form of assets related to the passenger and recreational transport on the waterway, which represent the key benefits applied to the projects promotingrecreational navigation. The aim of the paper is to identify and methodically describe the possibilities of determining the benefits of passenger and recreational transport on the waterway and, on a case study, present the method of evaluation of these benefits for a real project of a recreational port realization. From the methodological point of view, the paper is based on the principles of cost-benefit analysis and the basic procedures for the evaluation of benefits, which are subsequently supplemented with data on the existing and expected use of the waterway for recreational purposes. Conclusions of the paper further declare the applicability of the CBA principles as well as the analyses and prognoses made so far concerning the use of the recreational waterway for the economic assessment of the types of projects being dealt with.