Methods to assess the financial value of the sea parcel and the economic of the coastal and marine area within a marine cadastre framework
Tamtomo, Johanes P.
Within a landd cadastre, methodologies of property valuation were not new drawn back to year 2,000 B.C. when the Egyptians inhabited lands surrounds the Nile. The economic valuation of coastal and marine areas was not also new since Turner et al. (1998) introduced it; nonetheless it is a newborn within a marine cadastre. This paper elaborates a broad sense of a marine cadastre definition, coastal and marine parcels, and a method to assess the financial value of the parcels as well as the economic value of the areas and resources. In the marine environments, the value of the parcel is usually tricky, because it is not the land that could easilyy be assessed. An appropriate way is to use the Financial Valuation Method (FVM) to assess the projects, activities, and or resource products or uses in the sea parcel. Dixon and Hufschmidtts formula (1986) is still widely used today to calculate NPV (Net Present Value), B/C ratio, and IRR (Internal Rate of Return). Meanwhile, the economic value of the coastal and marine area is measured by two tools, i.e. Total Asset Value (TAV) of the area, and Total Economic Value (TEV) of the zone; both consist of (DUV + IUV + OV + EV + BV) with different indicators.
Event: XXIII International FIG Congress : Shaping the change
Only personal, non-commercial use of this document is allowed.