Assessing the Necessity of an Airport in Aranmula: An Economic and Environmental Cost-Benefit Analysis

Assessing the Necessity of an Airport in Aranmula: An Economic and Environmental Cost-Benefit Analysis

Registration ID: IJNRD_206267

Published ID: IJNRD2310054

DOI: Click Here to Get

Ishan Anshul

Environmental Impact Assessment, Aranmula Airport, contingent valuation, NPV, cost-benefit analysis, Total economic value of the ecosystem.

The Aranmula airport project in the Pathanamthitta district of Kerala was initially approved in 2009 but was later scrapped in 2016. This ruling resulted from the National Green Tribunal not providing clearance due to the potential environmental damage associated with the project. Owing to the recent proposal to build an airport in the nearby Sabarimala, it is interesting to look into the feasibility of the Aranmula airport project in 2020, especially with the increasing demands of many diasporic Keralite populations. This study also gives a perspective on the seemingly conflicting ideals of environmental protection and economic development. It lists significant damages and gains associated with the project and uses a cost-benefit analysis approach to check its feasibility in the current situation. It uses primary data to evaluate the value of some important local species through the Contingent Evaluation Technique. Secondary data is also used to value the various costs and benefits of establishing the airport. From the data collected and the ensuing calculations, this study argues for the claim that even in the current scenario, it is infeasible to proceed with the Aranmula airport project because the costs related to it outweigh its benefits.

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"Assessing the Necessity of an Airport in Aranmula: An Economic and Environmental Cost-Benefit Analysis", IJNRD - INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT (www.IJNRD.org), ISSN:2456-4184, Vol.8, Issue 10, page no.a481-a484, October-2023, Available :https://ijnrd.org/papers/IJNRD2310054.pdf

Volume 8 Issue 10, October-2023

Pages : a481-a484

Paper Reg. ID: IJNRD_206267

Published Paper Id: IJNRD2310054

Downloads: 000121186

Research Area: Management

Country: Mumbai, Maharashtra, India

Published Paper PDF: https://ijnrd.org/papers/IJNRD2310054.pdf

Published Paper URL: https://ijnrd.org/viewpaperforall?paper=IJNRD2310054

Journal Name: INTERNATIONAL JOURNAL OF NOVEL RESEARCH AND DEVELOPMENT(IJNRD)

ISSN: 2456-4184 | IMPACT FACTOR: 8.76 Calculated By Google Scholar | ESTD YEAR: 2016

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 8.76 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

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This work is licensed under a Creative Commons Attribution 4.0 International License and The Open Definition

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