Economic impact studies on development project of New Yogyakarta International Airport to aquaculture in Kulonprogo Coastal

New Yogyakarta International Airport (NYIA) is being constructed in Temon Sub District, Kulonprogo District. It lies on 587.2 ha area in the southern part of Java Island coastal area. Many areas of Kulonprogro coastal area are used for aquaculture of vanname shrimp. In that case, the aquaculture lan...

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Bibliographic Details
Published in:IOP conference series. Earth and environmental science 2018-03, Vol.139 (1), p.12037
Main Authors: Rachman, F, Satriagasa, M C, Riasasi, W
Format: Article
Language:English
Subjects:
Airport construction
Airport expansion
Airports
Aquaculture
Coastal zone
Coasts
Compensation
Discounted cash flow
Economic impact
Impact analysis
Income
Local government
Mathematical analysis
Relocation
Spatial analysis
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Summary:New Yogyakarta International Airport (NYIA) is being constructed in Temon Sub District, Kulonprogo District. It lies on 587.2 ha area in the southern part of Java Island coastal area. Many areas of Kulonprogro coastal area are used for aquaculture of vanname shrimp. In that case, the aquaculture land needs to be cleared for the airport construction necessity and requires compensation. The value of the compensation needs to be right calculated by both sides, regarding the aquaculture land are local community assets. This study uses spatial analysis and visual interpretation. Whereas, the calculation of the acquisition value and income capital value uses Discounted Cash Flow (DCF) method. The result shows the area of aquaculture land which impacted to be cleared is 83 ha, means decreasing of shrimp ponds area in Temon Sub District, Kulonprogo District. The calculation of acquisition value for airport development indicates higher value than the income from the aquaculture activity. The results mean the aquaculture landlords do not incur losses due to the airport development project. These findings can be used for local government and related stakeholders to formulate a policy of aquaculture relocation and to estimate projection for aquaculture land suitability in Yogyakarta coastal area.
ISSN:1755-1307
1755-1315
DOI:10.1088/1755-1315/139/1/012037