Investor Presentaiton
Investment Decision
It is recommended to take an initial positive investment decision to take the
project to the next preparation phase: the Outline Business Case (OBC)
Technical feasibility: The 'Artificial Island Port - Single Basin' is considered technically
feasible and attainable.
Institutional, regulatory and organisation: The legal and regulatory framework can
accommodate the development of the port of Ondo as a Port Development Management
Company (PDMC). A suitable organisation can be established for this purpose.
Financial feasibility: The business case indicates a positive overall financial feasibility with a
post-tax Internal Rate of Return of 12.1% and a Net Present Value of USD 295.2 M (based on
a real WACC of 10.4%) for a budgeted USD 1.3 B investment.
Economic feasibility: From a national perspective the results are positive. The Economic
Internal Rate of Return (EIRR) is estimated at 10.5% and the Economic Net Present Value
(ENVP) is approximately USD 2.0 B USD (based on a social discount rate (SDR) of 5.4%).
Investment Decision: We recommend to take a positive investment decision and to proceed to
the next phase: the Outline Business Case
27 24-01-2019 | Port of Ondo | Final Report Presentation
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