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Wild Life and Sancturies

Wild Life and Sancturies

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Published by: big john on Jun 07, 2013
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Investment Office ANRS
Project Profile on the Establishmentof Wild Life Parks and Sanctuaries
Development StudiesAssociates (DSA)
October 2008Addis Ababa
Table of Contents
1.Executive Summary
This project profile deals with the establishment of establishment of wild life parks andsanctuaries in Amhara National Regional State. The following presents the main findings of thestudyDemand projection divulges that the domestic demand for wild life sanctuaries is substantial andis increasing with time. Accordingly, the planned plant is set to serve 4000 tourist annually. Thetotal investment cost of the project including working capital is estimated at birr 5.58 million andcreates job opportunity for 30 citizens.The financial result indicates that the project will generate profit beginning from the first year of operation. Moreover, the project will break even at 12.60% of capacity utilization and it will payback fully the initial investment less working capital in third year. The result further showsthat the calculated IRR of the project is 61.3%; the NPV at 18% annual discount rate is Birr 11.95 million.In addition to this, the proposed project possesses wide range of economic and social benefitssuch as increasing the level of investment, tax revenue, employment creation, environmental, protection and positive image building.Generally’ the project is technically feasible, financially and commercially viable as well associally and economically acceptable. Hence the project is worth implementing.
2.Product Description and Application
There are eighty four developed and operating destinations in the Amhara National RegionalState. Of these fifteen are Eco-tourism or nature-based sites.There is consensus that these attractions have been, and are, greatly under-commercialized. Thishas not been only undermining the impact of tourism on the economy of the surroundingcommunities, but also the objective to optimize spending from the visitors has beencompromised.3

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