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Dulhazara Safari Park: a Socio-economic and Environmental Impacts Analysis

M. G. Kibria
Senior Research officer
Bangladesh Forest Research Institute, Forest Economics & Statistics Division,Sholashahar, Chittagong.

Abstract/ Executive Summary:

The paper attempts to find out the socio-economic and environmental value impacts of the Safari Park. Under the present socio-economic and environmental conditions, infrastructure setting and management formation, the net present value and equal annual equivalent were found to be Tk. 3.29 million and Tk. 0.87 million respectively. Total environmental value including financial value was calculated to be Tk. 13.99 million of which intangible value was Tk. 10.69 million. The land expectation value was found Tk. 0.33 million under the present executive system. The internal rate of return was 69%. If 5% inflationary rate is well thought-out, the real internal rate of return will be 61%. The efficiency index was 0.19. Further more, the social rate of return and external rate of return were calculated to be 44% and 25% respectively. All these implied that the project was economically found profitable. In the Sensitivity Analysis, if cost is increased and return decreased by 10% the internal rate of returns fall to 47% and 26% and social rate of returns fall to 24% and 5% respectively.

Keywords: Dulahazara Safari Park, Visitor, IRR, SRR, Environmental value

Location: Dulhazara Safari Park, Cox’s Bazar

Start Date: 00-00-2001

End Date: 00-00-2002

Program Area: Socio-economic and Policy

Commodity: Tree

Objectives:

To assess the impact of socio-economic as well as environmental status due to the establishment of this Safari Park

Methodology:

Survey method: The survey was conducted in the year 2001-02. To estimate the number of rickshaw, taxi, bus and other transports seven working days of three months with three intervals were taken into contemplation. The number of visitors including researchers, students and general public were collected from the three year’s visitor’s record of the park.

Analysis method: Both socio-economic and environmental criterions were used to find out respective values. The ex-post analysis with the help of Economic Surplus Method was applied. Declining Balanced (DB) method was applied for calculating the depreciation cost and Linear Regression method for estimating the future costs and returns.

Assumptions:

Project life is 99 years for economic impact assessment
Interest rate and social discount rate is 10%
Land value (considering the present market value for marginal hills) : @ Tk.1000/ha
Rotation period 25 years
Inflationary rate 5%

Salvage value 10% of the total capital costs

Source of Information: BANGLADESH QUARTERLY, DECEMBER 2003,70-75

Article Link (Online Journal):

Funding Source:

1. Government

Budget:

Total Budget (Tk.) :

Achievement/Findings:

The Sufari Park plays a vital role and contribution to the local people as well as nation as a whole. Under the present socio-economic environment, infrastructure setting and management formation, all economic criteria implied that the project was found profitable. The system, as a whole, stands to be economically feasible under all financial and environmental criteria. The value-added to GNP was found significant in relation to other components of the forestry sector. The Sensitivity Analysis reveals no financial risk of the project. Yet, exhaustive care with reference to financial and technical management should be pursued.

Knowledge Management: Report/Proceedings