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Review on the Investment Evaluation of Department of Maritime Affairs and Fisheries Asset (cold Storage) at Parigi Moutong Regency, Central Sulawesi, Indonesia

Year: 2019
Type: article
Abstract: In general, this research aims to examine and analyze the investment evaluation on the development of cold storage as the local government asset.This research also aims to give suggestion to the Government of Parigi Moutong Regency in policy making that supports the asset utilization process in the economic development in Parigi Moutong Regency region, Central Sulawesi Province, Indonesia.Data collection in this study is done by conducting the direct survey in the location of cold storage development in Bolano Tengah Village regarding its existence and capacity and also by interviewing the related local government regarding capitalization and operational cost, as well as the impact of cold storage development in that region.The data is processed using financial and socio-economic analysis.The research results show that the value of NPV amounted to Rp20,601,212,191., Internal Rate of return (IRR) amounted to 47%., Net B/C Ratio 2.11., and a Payback period of 8.2 years.Hence, the development of cold storage is feasible and prospective to be carried out economically and financially.Socio-economically, the existence of the facility like cold storage in an area will affect the level of the community's income because it will encourage the economic activities.One of the real things is that the infrastructure development project in that region will attract the community to do economic activities such as selling crops or other food ingredients.These kinds of activities will add the value as well as increasing the community's income in that area.It will also open employment for the community around the area.
DOI: 10.18551/rjoas.2019-02.09
Language: English
Open Access status: gold
Estimated APC paid: $28
OpenAlex ID: W2913129657
FWCI:
Cites: 1
Cited by: 2
Related to: 9