Saranggani Festival

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Feasibility Study
Infrastructure Support to the Economic Program of the Municipality of Sarangani, Davao del Sur June 2002

Project Development Assistance Center Regional Development Council XI Davao City

ACKNOWLEDGMENT

This pre-investment study was completed with assistance from the Project Development and Monitoring Fund, a facility established pursuant to Republic Act 8182 (ODA Law) in furtherance of the latter’s overall goal of achieving equitable growth and development in the provinces through priority development projects for the improvement of economic and social service facilities. The local government and constituency of the Municipality of Sarangani, Davao del Sur, led by their municipal mayor, the Honorable Amel B. Amierol, gratefully recognize this assistance, as well as that extended by the Regional Development Council XI’s Project Development Assistance Center (PDAC) in the conduct of this study. Also collaborating in this work were the following departments of the municipal government: Municipal Agriculture Office, Municipal Budget Office, Municipal Engineering Office, and Municipal Planning and Development Office; as well as the Municipal Local Government Operations Office of the Department of the Interior and Local Government.

Acknowledgment

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PROJECT SUMMARY
Project Title Project Cost Proponent Location Project Description : : : : : Establishment/Construction of Multi-Purpose Port P48.88 Million Municipal Government of Sarangani Mabila, Municipality of Sarangani, Davao del Sur Development of a port complex at Barangay Mabila, including the reclamation of the foreshore area; extension and improvement of the existing pier and causeway; and construction of auxiliary facilities such as administration building, passenger terminal, food stalls, comfort rooms and guardhouse. The project also provides for the establishment of an ice plant by private sector initiative. Multi-Purpose Port Component (public sector) Financial Net Present Value at 12%IR: Financial Internal Rate of Return : Economic Net Present Value at 15% SDR: Economic Internal Rate of Return: -P22 million 0.55% P139.2 million 70%

Feasibility Indicators :

Although the multi-purpose port component may not be feasible from the financial viewpoint, due mainly to its large initial investment cost, it is still recommended for public sector development, since: (a) it can generate enough cash inflows to sustain its operational requirements over its economic life; (b) it exhibits a very high economic net present value; and (c) it has a very strong potential for opening up livelihood opportunities for the local community, starting with the establishment of a commercial ice plant facility. Ice Plant Component (private sector) Net Present Value at 16% IR: P7.1 million Financial Internal Rate of Return at 16%IR: 25.06% The ice plant component is financially attractive to private investment. However, the market analysis indicates that the viability of its operation hinges substantially on the development of the existing Mabila Pier into a multipurpose port.

Project Summary

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CONTENTS
Page No. CHAPTER 1 THE PROJECT 1.1 1.2 1.3 1.4 Rationale/Background Project Goal and Purpose Project Spatial and Sectoral Context The Project Feasibility Study Undertaking 1.4.1 Study Area 1.4.2 Objectives of the Study 1.4.3 Study Approach and Methodology 1-1 1-2 1-2 1-3 1-3 1-4

CHAPTER 2

PROFILE OF SARANGANI MUNICIPALITY 2.1 Physical Profile 2.1.1 Geographic Location and Political Subdivision 2.1.2 Topography 2.1.3 Coastal Area 2.1.4 Climate 2.1.5 Water Resources 2.1.6 Land and Mineral Resources Demographic Profile Infrastructure Profile Economic Sector Profile Social Sector Profile 2-1 2-1 2-1 2-1 2-2 2-2 2-2 2-2 2-3 2-4 2-4

2.2 2.3 2.4 2.5 CHAPTER 3

MARKETING ASPECT 3.1 General Market Description 3.1.1 The Multi-Purpose Port Component 3.1.2 The Ice Plant Component 3.1.3 The Warehouse Component Demand for the Project 3.2.1...
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