APPENDIX II-7-3-1 Result of FIRR 1 Result of FIRR Table 1 San Antonio Port FIRR (Base case)/San Antonio Thousand Pesos Revenue Cost Net Present Value RORO Passenger Revenue- Year Wharfage Maintenance Opration Terminal Terminal Total Investment TotalCost Revenue Cost Difference Fee Cost Cost Fee Fee 2005 2006 2007 2008 1 2009 0.0 0.0 0.0 0.0 9,349 0.0 0.0 9,349.0 -9,349.0 0 9349.0 -9349.0 2 2010 0.0 0.0 0.0 0.0 200,154 0.0 0.0 200,154.0 -200,154.0 0 193838.6 -193838.6 3 2011 0.0 0.0 0.0 0.0 198,818 0.0 0.0 198,818.0 -198,818.0 0 186469.4 -186469.4 4 2012 3,358.9 835.0 1.2 4,195.1 0 4,083.2 629.3 4,712.5 -517.4 3810.4 4280.3 -469.9 5 2013 7,172.7 1,788.2 1.8 8,962.7 0 4,083.2 1,344.4 5,427.6 3,535.1 7883.9 4774.3 3109.6 6 2014 11,487.4 2,872.3 2.1 14,361.8 0 4,083.2 2,154.3 6,237.5 8,124.3 12234.6 5313.6 6921.0 7 2015 12,265.1 3,075.7 2.1 15,342.9 0 4,083.2 2,301.4 6,384.7 8,958.3 12658.0 5267.4 7390.6 8 2016 13,060.5 3,265.1 2.4 16,328.0 0 4,083.2 2,449.2 6,532.4 9,795.5 13045.6 5219.2 7826.4 9 2017 13,907.5 3,466.0 2.4 17,375.9 0 4,083.2 2,606.4 6,689.6 10,686.3 13444.8 5176.2 8268.6 10 2018 14,809.4 3,679.4 2.7 18,491.4 0 4,083.2 2,773.7 6,856.9 11,634.5 13856.5 5138.2 8718.3 11 2019 15,769.7 3,905.8 2.7 19,678.3 0 4,083.2 2,951.7 7,034.9 12,643.3 14280.6 5105.3 9175.3 12 2020 16,792.4 4,146.2 3.0 20,941.6 0 4,083.2 3,141.2 7,224.5 13,717.2 14717.9 5077.4 9640.5 13 2021 17,881.4 4,401.4 3.0 22,285.8 0 4,083.2 3,342.9 7,426.1 14,859.7 15168.4 5054.4 10114.0 14 2022 19,041.0 4,672.2 3.3 23,716.6 0 4,083.2 3,557.5 7,640.7 16,075.9 15632.9 5036.4 10596.5 15 2023 20,275.8 4,959.8 3.6 25,239.2 0 4,083.2 3,785.9 7,869.1 17,370.1 16111.6 5023.3 11088.3 16 2024 21,590.7 5,265.0 3.6 26,859.3 0 4,083.2 4,028.9 8,112.1 18,747.2 16604.8 5015.0 11589.8 17 2025 22,990.9 5,589.0 3.9 28,583.8 0 4,083.2 4,287.6 8,370.8 20,213.0 17113.3 5011.6 12101.7 18 2026 24,481.8 5,932.9 4.2 30,419.0 0 4,083.2 4,562.8 8,646.1 21,772.9 17637.4 5013.1 12624.3 19 2027 26,069.5 6,298.0 4.5 32,372.0 0 4,083.2 4,855.8 8,939.0 23,433.0 18177.6 5019.4 13158.1 20 2028 27,760.1 6,685.6 4.8 34,450.4 0 4,083.2 5,167.6 9,250.8 25,199.7 18734.3 5030.6 13703.7 21 2029 29,560.3 7,096.9 5.1 36,662.4 0 4,083.2 5,499.4 9,582.6 27,079.8 19308.1 5046.6 14261.5 22 2030 31,477.3 7,533.6 5.4 39,016.3 0 4,083.2 5,852.4 9,935.7 29,080.7 19899.4 5067.5 14832.0 23 2031 33,518.6 7,997.2 5.7 41,521.5 0 4,083.2 6,228.2 10,311.4 31,210.0 20508.9 5093.2 15415.8 24 2032 35,692.3 8,489.2 6.0 44,187.5 0 4,083.2 6,628.1 10,711.3 33,476.2 21137.1 5123.8 16013.3 25 2033 38,006.9 9,011.5 6.3 47,024.8 0 4,083.2 7,053.7 11,136.9 35,887.8 21784.6 5159.3 16625.3 26 2034 40,471.7 9,566.0 6.9 50,044.6 0 4,083.2 7,506.7 11,589.9 38,454.7 22452.0 5199.7 17252.3 27 2035 43,096.3 10,154.5 7.2 53,258.0 0 4,083.2 7,988.7 12,071.9 41,186.1 23139.8 5245.1 17894.7 28 2036 45,891.1 10,779.2 7.8 56,678.1 0 4,083.2 8,501.7 12,584.9 44,093.2 23848.7 5295.4 18553.3 29 2037 48,867.1 11,442.4 8.1 60,317.6 0 4,083.2 9,047.6 13,130.8 47,186.7 24579.3 5350.8 19228.5 30 2038 52,036.1 12,146.3 8.7 64,191.1 0 4,083.2 9,628.7 13,711.9 50,479.3 25332.4 5411.3 19921.2 31 2039 55,410.7 12,893.5 9.3 68,313.5 0 4,083.2 10,247.0 14,330.2 53,983.3 26108.7 5476.9 20631.8 32 2040 59,004.1 13,686.7 9.9 72,700.7 0 4,083.2 10,905.1 14,988.3 57,712.3 26908.7 5547.6 21361.0 33 2041 62,830.5 14,528.6 10.5 77,369.6 0 4,083.2 11,605.4 15,688.6 61,680.9 27733.2 5623.6 22109.6 Total 864,577.6 206,163.4 148.2 1,070,889.2 408,321.0 122,496.3 160,633.4 691,450.7 379,438.5 543,853.4 543,853.4 0.0 FIRR= 3.3% Table 2 Esperanza Port FIRR (Base case)/Esperanza (Nvl+Dbt) Thousand Pesos Revenue Cost Net Present Value RORO Passenger Revenue- Year Wharfage Maintenance Opration Terminal Terminal Total Investment TotalCost Revenue Cost Difference Fee Cost Cost Fee Fee 2005 2006 2007 2008 1 2009 0.0 0.0 0.0 0.0 11,071 0.0 0.0 11,071.0 -11,071.0 0 11071.0 -11071.0 2 2010 0.0 0.0 0.0 0.0 237,002 0.0 0.0 237,002.0 -237,002.0 0 228906.8 -228906.8 3 2011 0.0 0.0 0.0 0.0 235,420 0.0 0.0 235,420.0 -235,420.0 0 219612.3 -219612.3 4 2012 5,216.0 554.4 1.8 5,772.1 0 4,834.9 865.8 5,700.8 71.4 5200.6 5136.3 64.3 5 2013 11,111.3 1,167.7 3.0 12,281.9 0 4,834.9 1,842.3 6,677.2 5,604.7 10687.9 5810.6 4877.3 6 2014 17,752.2 1,844.6 3.0 19,599.8 0 4,834.9 2,940.0 7,774.9 11,824.9 16473.5 6534.7 9938.8 7 2015 18,908.2 1,942.7 3.3 20,854.3 0 4,834.9 3,128.1 7,963.1 12,891.2 16929.1 6464.3 10464.8 8 2016 20,069.2 2,035.6 3.6 22,108.3 0 4,834.9 3,316.2 8,151.2 13,957.1 17334.2 6391.0 10943.2 9 2017 21,301.4 2,132.7 3.6 23,437.8 0 4,834.9 3,515.7 8,350.6 15,087.2 17748.8 6323.7 11425.1 10 2018 22,609.3 2,234.5 3.9 24,847.7 0 4,834.9 3,727.2 8,562.1 16,285.7 18173.9 6262.4 11911.5 11 2019 23,997.5 2,341.1 4.2 26,342.8 0 4,834.9 3,951.4 8,786.4 17,556.5 18609.3 6206.9 12402.3 12 2020 25,471.0 2,452.7 4.5 27,928.1 0 4,834.9 4,189.2 9,024.2 18,904.0 19055.3 6157.2 12898.1 13 2021 27,034.9 2,569.5 4.5 29,608.9 0 4,834.9 4,441.3 9,276.3 20,332.6 19512.0 6113.0 13399.0 14 2022 28,694.8 2,691.8 4.8 31,391.4 0 4,834.9 4,708.7 9,543.6 21,847.8 19980.1 6074.4 13905.8 15 2023 30,456.7 2,819.9 5.1 33,281.7 0 4,834.9 4,992.2 9,827.2 23,454.5 20459.7 6041.2 14418.5 16 2024 32,326.8 2,953.9 5.4 35,286.1 0 4,834.9 5,292.9 10,127.8 25,158.2 20950.9 6013.4 14937.6 17 2025 34,311.6 3,094.2 5.7 37,411.6 0 4,834.9 5,611.7 10,446.7 26,964.9 21454.2 5990.8 15463.4 18 2026 36,418.3 3,241.1 6.0 39,665.5 0 4,834.9 5,949.8 10,784.8 28,880.7 21969.8 5973.4 15996.4 19 2027 38,654.4 3,394.9 6.6 42,056.0 0 4,834.9 6,308.4 11,143.3 30,912.6 22498.2 5961.2 16537.0 20 2028 41,027.8 3,555.9 6.9 44,590.6 0 4,834.9 6,688.6 11,523.5 33,067.1 23039.3 5954.0 17085.3 21 2029 43,546.9 3,724.3 7.5 47,278.8 0 4,834.9 7,091.8 11,926.7 35,352.0 23593.9 5951.9 17642.0 22 2030 46,220.7 3,900.6 7.8 50,129.1 0 4,834.9 7,519.4 12,354.3 37,774.8 24161.9 5954.7 18207.2 23 2031 49,058.7 4,085.2 8.4 53,152.2 0 4,834.9 7,972.8 12,807.8 40,344.4 24743.9 5962.4 18781.5 24 2032 52,070.9 4,278.2 8.7 56,357.8 0 4,834.9 8,453.7 13,288.6 43,069.2 25340.1 5974.9 19365.1 25 2033 55,268.0 4,480.3 9.3 59,757.6 0 4,834.9 8,963.6 13,798.6 45,959.0 25951.0 5992.3 19958.7 26 2034 58,661.5 4,691.7 9.9 63,363.1 0 4,834.9 9,504.5 14,339.4 49,023.7 26576.8 6014.5 20562.4 27 2035 62,263.3 4,913.0 10.5 67,186.8 0 4,834.9 10,078.0 14,912.9 52,273.8 27218.1 6041.4 21176.7 28 2036 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 27253.9 5979.9 21274.0 29 2037 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 26323.0 5775.6 20547.4 30 2038 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 25423.9 5578.3 19845.5 31 2039 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 24555.5 5387.8 19167.7 32 2040 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 23716.7 5203.8 18513.0 33 2041 64,607.7 5,035.8 10.8 69,654.3 0 4,834.9 10,448.1 15,283.1 54,371.2 22906.7 5026.0 17880.6 Total 1,190,097.7 101,315.4 202.8 1,291,615.9 483,493.0 145,047.9 193,742.4 822,283.3 469,332.6 637,842.0 637,842.0 0.0 FIRR= 3.5% A II.7.3.1-1 Table 3 Daanbantayan Port FIRR (Base case)/Daanbantayan Thousand Pesos Revenue Cost Net Present Value RORO Passenger Revenue- Year Wharfage Maintenance Opration Terminal Terminal Total Investment TotalCost Revenue Cost Difference Fee Cost Cost Fee Fee 2005 2006 2007 2008 1 2009 0.0 0.0 0.0 0.0 11,251 0.0 0.0 11,251.0 -11,251.0 #NUM! #NUM! #NUM! 2 2010 0.0 0.0 0.0 0.0 240,865 0.0 0.0 240,865.0 -240,865.0 #NUM! #NUM! #NUM! 3 2011 0.0 0.0 0.0 0.0 239,258 0.0 0.0 239,258.0 -239,258.0 #NUM! #NUM! #NUM! 4 2012 3,206.5 365.9 1.2 3,573.6 0 4,913.7 536.0 5,449.8 -1,876.2 #NUM! #NUM! #NUM! 5 2013 6,825.1 767.1 1.8 7,594.0 0 4,913.7 1,139.1 6,052.8 1,541.2 #NUM! #NUM! #NUM! 6 2014 10,895.4 1,206.3 2.1 12,103.8 0 4,913.7 1,815.6 6,729.3 5,374.5 #NUM! #NUM! #NUM! 7 2015 11,595.4 1,264.5 2.1 12,862.0 0 4,913.7 1,929.3 6,843.0 6,019.0 #NUM! #NUM! #NUM! 8 2016 12,307.4 1,319.9 2.1 13,629.4 0 4,913.7 2,044.4 6,958.1 6,671.2 #NUM! #NUM! #NUM! 9 2017 13,063.1 1,377.6 2.4 14,443.1 0 4,913.7 2,166.5 7,080.2 7,362.9 #NUM! #NUM! #NUM! 10 2018 13,865.1 1,437.8 2.4 15,305.3 0 4,913.7 2,295.8 7,209.5 8,095.8 #NUM! #NUM! #NUM! 11 2019 14,716.5 1,500.5 2.7 16,219.6 0 4,913.7 2,432.9 7,346.7 8,872.9 #NUM! #NUM! #NUM! 12 2020 15,620.1 1,565.7 2.7 17,188.5 0 4,913.7 2,578.3 7,492.0 9,696.5 #NUM! #NUM! #NUM! 13 2021 16,579.1 1,633.7 3.0 18,215.8 0 4,913.7 2,732.4 7,646.1 10,569.7 #NUM! #NUM! #NUM! 14 2022 17,597.1 1,704.5 3.0 19,304.6 0 4,913.7 2,895.7 7,809.4 11,495.2 #NUM! #NUM! #NUM! 15 2023 18,677.5 1,778.2 3.3 20,459.1 0 4,913.7 3,068.9 7,982.6 12,476.5 #NUM! #NUM! #NUM! 16 2024 19,824.4 1,854.9 3.3 21,682.6 0 4,913.7 3,252.4 8,166.1 13,516.5 #NUM! #NUM! #NUM! 17 2025 21,041.6 1,934.8 3.6 22,980.0 0 4,913.7 3,447.0 8,360.7 14,619.2 #NUM! #NUM! #NUM! 18 2026 22,333.5 2,017.9 3.9 24,355.3 0 4,913.7 3,653.3 8,567.0 15,788.3 #NUM! #NUM! #NUM! 19 2027 23,704.8 2,104.4 4.2 25,813.4 0 4,913.7 3,872.0 8,785.8 17,027.7 #NUM! #NUM! #NUM! 20 2028 25,160.3 2,194.4 4.2 27,358.9 0 4,913.7 4,103.8 9,017.6 18,341.3 #NUM! #NUM! #NUM! 21 2029 26,705.1 2,288.0 4.5 28,997.6 0 4,913.7 4,349.6 9,263.4 19,734.2 #NUM! #NUM! #NUM! 22 2030 28,344.8 2,385.4 4.8 30,735.0 0 4,913.7 4,610.2 9,524.0 21,211.0 #NUM! #NUM! #NUM! 23 2031 30,085.2 2,486.6 5.1 32,576.9 0 4,913.7 4,886.5 9,800.3 22,776.6 #NUM! #NUM! #NUM! 24 2032 31,932.4 2,591.9 5.4 34,529.7 0 4,913.7 5,179.5 10,093.2 24,436.5 #NUM! #NUM! #NUM! 25 2033 33,893.1 2,701.4 5.7 36,600.1 0 4,913.7 5,490.0 10,403.8 26,196.4 #NUM! #NUM! #NUM! 26 2034 35,974.1