Benefits-Costs Analysis for Oil Pipelines in Thailand
Keywords:
Benefit cost analysis,, internal rate of return,, Oil PipelineAbstract
This research presents the economic worthiness analysis for the oil-pipeline-construction project in the north and the northeast of Thailand. The northern route traverses through Saraburi, Kampangphet, and Lampang, while, the norhteastern moves onward from Saraburi to Nakhonratchasima and Khonkaen. Research methodologies start with forecasting oil demand and volume throughput. Then, project investment and operating costs and relevant benefits are evaluated. These benefits are revenue from pipeline services, and, reduction of relating accidents, pollution, oil usage in transportation, and transportation cost. The project IRR for each route are 10.53% and 12.86% respectively. In addition, the benefits-cost ratio, using a discount rate of 10%, of the northern route is 1.05 and 1.28 for the northeastern.
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