The Development of a Port Harbor in a Reclamation Area

Young, Buenaventura F. “The Development of a Port Harbor in a Reclamation Area.” Unpublished Master of Science in Maritime Education (Teaching Competency) Feasibility Study, John B. Lacson Foundation, Inc., Molo, Iloilo City, October 2001.

Executive Summary

This study determined the feasibility of developing a port harbor in a Reclamation Area in Banago, Bacolod City, Negros Occidental. Specifically, the study determined the project’s feasibility in terms of: (1) organization and management aspect, (2) marketing aspect, (3) economic aspect, (4) technical aspect, (5) socio-cultural aspect, (6) service aspect, and (7) financial aspect. Study results revealed that the project is being organized as a corporation and is being grounded on sound organization and management principles; has a reasonable demand for its services--being the fourth port in Negros Occidental with properly established marketing plans and competitive advantage; can bolster the economic development of Bacolod City as well as the entire province of Negros Occidental; is technically viable considering the modern and advanced structures and equipment considered; can provide a source of livelihood to the people in the province of Negros Occidental as well as facilitating the flow of business and trade from and to the province; can facilitate transport convenience for the people; and modest return on investment, stable operations, and considerable liquidity of operations are expected—the project’s payback period is approximately 1 year and 5 months. On the whole, the project is viable and bankable.