Cost and Benefits Analysis of The New Sattahip Commercial Port under Royal Thai Navy Management

Abstract

The purpose of this research is to study and analyze the remuneration of remarkable national’s bulk transportation and to marginalize the port capability through the Royal Thai Navy ports. Located in Koh Chuang and Koh Chan, the latest commercial ports will be functioned as eastern sea transportation of bulk in the Gulf of Thailand in the near 10 -20 years. The study shows the amount of bulk that will be transported through the Royal Thai Navy new port could reach up to 53,185,319.16 - 243,175,256.28 tons in 2020-2039, with 106 - 8,106 round trips by using bulk carriers capable to withstand 30,000DWT - 150,000DWT. Above all, with 5,343,827.57 square meters or 3,339 rai territory of Koh Chuang and Koh Chan, it could grow into vital bulk port of the nation with thirty 9,021 meters long commercial ports that could hold more than 30 - 60 ships. According to previous studies, it is possible to become vital national bulk port. On financial justifiability aspect with the governmental supported budget, which would allow the Royal Thai Navy to administrate and lease concession of port to private company, such action could cost 20,665 million baht for port construction and another 77 million baht per year to administrate in its first year (2020). The port revenue could reach up to 647 - 2,443 million baht per year in 2039 or in around 18-42 years. All in all, commercial port development project under the administration of the Royal Thai Navy will turn out as satisfactory and worthy