The paper "Cost-Benefit Analysis for Abbot Point Expansion Project" is a perfect example of a micro and macroeconomic case study. This is a BCA report for the Abbot Point Expansion Project. The Abbot Point expansion project aims at maximization of coal export and facilitates the continued economic development of Queensland. The major stakeholder of this project is the Ports Corporation of Queensland, which is Government Owned Corporation, and Adani and GVK Hancock. The major befit of the project is the creation of employment, revenue benefit to the government and improvement of infrastructure.
The project has been seen to have benefits that out the way the cost and thus it's recommended that the project be implemented. 1.0 Introduction The Abbot Point expansion is a huge development which is located 25km north of the Queensland coastal town of Bowen. The project will be seen 5 more coal terminals added to Abbot Point which will bring the total terminals at Queensland coast to 11. The implementation of the project will result in the largest coal port of the world emerging with a capacity of 250Mtpa (Ecoserve, 2005).
The project is expected to facilitate the exportation of coal from the Galilee Basin. The project involves terminal expansion with the addition of a second wharf, a ship loader, additional onshore stockyard and also additional machines will be part of the expansion. The stakeholders of this project are The Proponent for the Project is the Ports Corporation of Queensland, which is Government Owned Corporation, and Adani and GVK Hancock, 2.0 Benefits of the projects Employment and revenue generation The expansion project is expected to generate additional revenue of $1.5billion in terms of exports in Queensland and the economy of Australia.
There will be $114 million in terms of value addition for Queensland economy while $19 million of the household will be gained per year which will be directed mainly to Bowen region. About 390 full time are expected to be employed either directly or indirectly every year that there will be additional exports.
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Ports Corporation of Queensland (PCQ). 2005. Abbot Point Approved Environmental Management Plan (EMP). PCQ: Brisbane.
Queensland Government. The Department of State Development, Infrastructure and Planning.
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Queensland Government (2007). Abbot Point Coal Terminal Stage 3 Expansion Coordinator-General’s Report
WBM. 2006. Abbot Point Coal Terminal, Stage 3 Expansion, Environmental Impact Statement March 2006. WBM:Brisbane.