Author(s)

N. Guler

Abstract

The master plan for each port sets the long term development strategy for the port which will influence the future levels of traffic that use it. These developments may be either improving existing facilities or building new ones. Any other kind of activities that are performed to increase the intensity of port use can also be considered as port development. These can be in the field of law or reorganization too. In any way, an economic evaluation of port development investment should be considered before any action is taken. This is a decision making process where profitability of the new investment is questioned. The evaluation for such a port development project require a succession of costs and benefits over the whole useful life of the project. The main costs in a port development project are construction costs and maintenance costs, the benefits a

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