CAIRNS SHIPPING DEVELOPMENT ROJECT P Environmental Impact Statement W S Cummings B Econ Submission to the 38 Grafton St Queensland Coordinator General (PO Box 2148) Cairns Q 4870 by phones 07 4031 2888 Cummings Economics 0418 871 011 Economic Perspectives email
[email protected] website www.cummings.net.au Ref: J2865 CUMMINGS ECONOMICS ABN: 99 734 489 175 May 2015 C AIRNS SHIPPING DEVELOPMENT PROJECT Environmental Impact Statement – Economic Perspectives Contents Pg SUMMARY OF MAIN POINTS ....................................................................... 3 1. INTRODUCTION ................................................................................. 4 2. PROJECT ECONOMIC IMPACT AND VIABILITY ...................................... 5 3. OFFSHORE PLACEMENT OPTION ....................................................... 6 3.1 Capital and Other Costs .................................................................. 6 3.2 Cruise Ship Demand ....................................................................... 6 3.3 Efficiency Savings and Project Viability ........................................... 7 3.4 Economic Impact ............................................................................. 8 3.5 Environmental Aspects .................................................................... 8 4. ONSHORE PLACEMENT ..................................................................... 9 4.1 General ........................................................................................... 9 4.2 Previous Experience with Onshore