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11 1. AMP 1998 AMP 1974 APN APN 1998 APN Autonomy AMP 2003 AMP NMSNMS NMS 2. S-1

12 1) 2) 2.1 (1) 国際コンテナトランシップロメント港湾 国際旅客ターミナル 特定産品の輸出入港湾 Banana Fertilizer Others Banana Banana Oil Almirante Charco Azul Pedregal Chiriqui Grande チリキ経済圏 ( 将来 ) Wheat Maize Petroleum Clinker General Containers Existing Port System International Ports CCT MIT Bahia Las Minas Cristobal 首都圏 Aguadulce Balboa Petroleum Sugar Fertilizer FertilizerSugar Containers (2) AMP 地域のハブ港 フィーダー港湾 (3) AMP S-2

13 2.2 S-3

14 2.3 GDP GDP (2000 ) Comarca Ngöbe Bugle Comarca Emberá Comarca Kuna Yala Veraguas Panamá Los Santos Herrera Darién Chiriquí Colón Coclé Bocas del Toro 0 1,000 2,000 3,000 4,000 5,000 6,000 7,000 Comarca Ngöbe Bugle C o m a rca Em be rá Comarca Kuna Yala GDP GDP Veraguas Panam á Lo s S a nto s Herrera Darién Chiriquí Colón Coclé Bocas del Toro 0 1,000 2,000 3,000 4,000 5,000 1) Compite Panamá 2) Municipal Development and Decentralization Program 3 Rural Development Plan 観光開発 (1) 港湾 の開発方向 1) 持続的経済開発の達成 2) 所得格差と貧困の撲滅 3) 社会経済活動の地域的不均衡の緩和 4) 海洋 沿岸域の環境保全と安全 保安確保 (2) 1) 運河地域の将来の 貨物需要への対応 2) における観光港湾の整備 3) 圏における新多目的港湾の実現 4) 県における 港の整備 5) における地域活性 の創出 ボカスデルトロ チリキ コキーラ ラパルマ On-going Project On-going Project RoRo 1) ダリエン 2) ボカスデルトロ 3) a) b) c) S-4

15 2.4 (1) 2024 Banana 300,000 Petroleum (5) Banana 100,000 Wheat: 210,000 Maize & Soy Beans:1,035,000 Petroleum (1) Clinker 300,000 General 0 Petroleum (4) Future Port Network without major investment Container Import:1,081,000, Export:1,013,000 Break Bulk Import: 140,000, Export: 0 Chiriqui Grande (Private) Almirante Fertilizer (Private) 64,000 チリキ経済圏 Charco Azul (Private) Pedregal (AM P) Aguadulce (AM P) Petroleum (3) (Private) Sugar: 20,000 Colon Container Terminal MIT Bahia Las Minas Cristobal (Private ports) 首都圏 Balboa (Private) Note:Petroleum Import: 19,860,000 (Total of (1), (2), (3), (4)& (5) Petroleum (2) Fertilizer: 64,000 Sugar: 30,000 Fertilizer: 85,000 Container Import 463,000, Export 434,000 Break Bulk Import 60,000, Export: (2) USD873, US$575,000 US$873,000 VS AMP (2001) USD4,533,000 (3) AMP 1) AMP 2) AMP 3) AMP a) b) c) 3PPP S-5

16 (4) 2. ボカスデルトロ観光 街づくり支援 1. 運河地域コンテナ貨物需要への対応 5. ラパルマ地域活性センター 3. チリキ圏新経済圏の創出 4. パナマ県離島航路の確保 1) Gateway a) b) RO-RO c) 2) a) b) < 経済効果 > 定量的要素 ( ) 輸送コスト減 : USD 44 Million マグロ船の寄港: USD 8 Million 定性的要素 バルフリーゾーン 産業誘致 コスタリカからの貨物扱い 3) a) b) 4) a) b) c) d) e) S-6

17 2.5 (1) EIRR FIRR 4.6 Mil US$ 20.7% 49.8 Mil US$ 15.4% 2.3 Mil US$ 13.9% 5.9 Mil US$ 16.4% 10.7% (Government Spending 10%, Loan 90%) 9.8% (Equity Investment 40%, Loan 60%) 11.3% (Loan 100%) 12.7% (Grant 90%, Loan 10%) AMP AMP (2) ( チリキ新港 ) 支援可能な日本の援助スキーム 1/2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 1. 計画承認 (SPC 設立の法的手続を含む ) 2. チリキ準備室の設立 運営 JICA 長期専門家 (1) 基本計画の確定 ( 含むアクセス道路 ) (2) 資金計画 ( 公と民の分担 ) 3. 予算要求 ( 公の部分 ) 4. SPC( 港湾管理主体 ) の設立 5. コンセッション契約 ( 民間部分 ) 6. 詳細設計及び業者選定 7. 施工 8. 供用開始 ( ボカスデルトロ港 ) 1. 住民および関連機関との合意 2. 基本計画の確定 (1) ターミナル計画 (2) ターミナル運営 3. IADB プロジェクト選定作業 4. 予算要求 ( 公の部分 ) 5. 詳細設計及び業者の選定 6. 施工 7. 供用開始 /2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 1/2 2/2 支援可能な日本の技術支援スキーム ( ラパルマ港 ) 1. TOR の策定および提出 2. 資金調達 3. 基本設計 (BD) 4. 詳細設計及び業者の選定 5. 施工 6. 供用開始 /2 2/2 1/2 2/2 1/2 2/2 1/2 2/ /2 2/2 1/2 2/2 支援可能な日本の技術支援スキーム S-7

18 3. AMP 4 AMP (1) AMP (2) (3) (4) 3.1 AMP (1) AMP AMP 1) 2) a) AMP b) c) d) AMP AMP 3) a) b) c) 4) a) b) 5) S-8

19 6) AMP a) b) 7) a) AMP b) (2) 1) a) AMP AMP b) c) d) e) 3.2 1) AMP 2) AMP AMP AMP S-9

20 3) AMP 3.3 AMP AMP AMP (1) AMP AMP AMP Authority AMP (2) AMP ACP (3) 4 AMP AMP (4) 1) AMP S-10

21 i ii) iii) AMP i) ii) 2) AMP AMP 2 PTP BFZA AMP AMP 3) AMP i ii) iii) iv) 4) AMP i) ii) iii) S-11

22 iv) v) MEF MIVI IPAT vi) AMP i) AMP ii) 3.4 1) i) ii) iii) iv) 2) SPC ) 2 i) ii) AMP S-12

23 4) i) AMP AMP 5) 4 MALPOL ANNEX 3.5 AMP S-13

24 GDP GDP ProvinceGDP AMP AMP i

25 ii

26 GDP GDP GDP Base Case 1.1 GDP Base Case 1996 constant US$ '05 - '09 '10 - '14 '15 - '19 '20 - '24 World Bank % growth GDP (US$ million) 11,196 11,235 11,448 11,677 12,074 14,549 17,532 Consensus GDP (JICA Study Team) Base growth (%) GDP (US$ million) 11,196 11,235 11,325 11,517 11,955 14,756 18,388 23,025 29,527 (Excl. CFZ, Canal, Tax) 9,511 9,873 12,186 15,186 19,015 24,385 (JICA Study Team) High Low Case GDP 1.2 Low Case: Base Case 1.2 High Case: Base Case 1.2 1) GDP ) Province Province Economically Active PopulationEAP 1.2 GDP 2 1) 2) GDP 1.2 GDP 5 GDP 1 1

27 GDP sectors Stable Variable A Agriculture, cattle, hunting and silviculture 5.6% 5.6% 5.8% 6.0% 6.1% B Fishing 2.1% 2.1% 2.3% 2.5% 2.6% C Quarries and mines exploitation 0.6% 0.6% 0.7% 0.7% 0.8% D Manufacturing and industries 8.2% 8.2% 8.3% 8.3% 8.6% E Electricity, gas and water supply 3.7% 3.7% 3.7% 3.9% 4.0% F Construction 4.4% 4.4% 4.6% 4.6% 4.9% G Wholesale and retail commerce, cars&motorcycles repair, personal effects and household equipment 10.7% 10.7% 10.7% 10.7% 10.5% H Hotels and restaurants 0.7% 0.7% 0.9% 1.1% 1.3% I Transport, storage and communications 15.3% 15.3% 15.3% 15.3% 15.1% J Intermediate financing 11.9% 11.9% 11.5% 11.3% 11.2% K Real estates, business studies and rent 17.4% 17.4% 17.1% 16.8% 16.5% L Public administration and defence, obligatory social security and affeliation plans 12.8% 12.8% 12.4% 12.2% 12.1% M Other activities, communities, social and personal services 6.4% 6.4% 6.4% 6.3% 6.1% N Private services at private homes 0.1% 0.1% 0.1% 0.1% 0.1% O Organizations and extraterritorial agencies 0.0% 0.0% 0.0% 0.0% 0.0% P Non-specified activities 0.3% 0.3% 0.3% 0.3% 0.1% total (excluding CFZ, PCA and taxes ) 100.0% 100.0% 100.0% 100.0% 100.0% (JICA Study Team) 1.2 GDP Sectors GDP (1996 constant value) A Agriculture, cattle, hunting and silviculture 4.30% 5.27% 5.64% 5.10% B Fishing 4.30% 7.16% 6.29% 6.67% C Quarries and mines exploitation 4.30% 6.95% 1.84% 7.94% D Manufacturing and industries 4.30% 4.74% 4.60% 5.85% E Electricity, gas and water supply 4.30% 3.67% 5.71% 5.63% F Construction 4.30% 5.59% 4.60% 6.44% Wholesale and retail commerce, cars & motorcycles repair, 4.30% 4.50% 4.60% 4.67% G personal effects and household equipment H Hotels and restaurants 4.30% 10.19% 8.88% 8.67% I Transport, storage and communications 4.30% 4.50% 4.60% 4.86% J Intermediate financing 4.30% 3.84% 4.23% 4.91% K Real estates, business studies and rent 4.30% 4.19% 4.23% 4.59% Public administration and defense, obligatory social 4.30% 3.87% 4.26% 4.93% L security and affiliation plans M Other activities, communities, social and personal services 4.30% 4.50% 4.35% 4.42% Total GDP 4.30% 4.49% 4.61% 5.10% Constant 4.30% 3.84% 4.23% 4.91% (JICA Study Team) 1.3 2

28 Province GDP Province GDP Province GDP RGDPs EAPsp (GDP/EAP)sc... (1) RGDPsp Province GDP EAPsp Province EAP (GDP/EAP)sc GDP GDP (1) Province RGDPs Province RGDP Province GDP 1) 2004 GDP GDP GDP Province 2) GDP a) GDP b) GDP GDP 3) Province GDP a) GDP (GDP/EAP)sc b) Province EAPsp (GDP/EAP)sc (RGDPp) (1) Province c) Province RGDP 3

29 Province GDP USD million Bocas del Los Coclé Colón Chiriquí Darién Herrera Toro Santos Panamá Veraguas Comarcas GDP , , , , , , ,021 1, , , ,232 1, , , ,044 1,556 2, ,975 1, ,373 (JICA Study Team) RGDP Variable share (2000) RGDP Variable share (2000) Comarcas Comarcas Veraguas Primary sector Veraguas Province Panamá (x0.1) Los Santos Herrera Darién Chiriquí Secondary sector Tertiary sector Province Panamá (x0.1) Los Santos Herrera Darién Chiriquí Primary sector Secondary sector Tertiary sector Colón Colón Coclé Coclé Bocas del Toro Bocas del Toro ,000 1,500 2,000 2,500 RGDP ($Million) (JICA Study Team) ,000 1,500 2,000 2,500 RGDP ($Million) 1.1 GDP GDP GDP GDP 2.4 GDP GDP GDP Year (1,000) 2,726 2,781 2,837 2,893 2,948 3,004 3,060 4,193 GDP ($Million, 1996Price) 8,519 8,874 9,564 9,966 10,345 10,388 10,486 24,373 GDP/Capita ($1,000, '96 Price) (JICA Study Team) 4

30 (1) Atlantic Pacific S.A. (APSA) ,213 17,920 15,097 3,447 15,619 26,181 1,822,954 1,357,835 2,893,719 3,044,719 4,165,155 2,352,417 1,843,167 1,375,755 2,908,816 3,048,166 4,180,774 2,378, , , , , , , , , , , , ,605 20,213 17,920 15,097 3,447 15,619 26,181 1,549,511 1,195,510 2,381,391 2,807,357 3,439,408 1,559,812 1,569,724 1,213,430 2,396,488 2,810,804 3,455,027 1,585,993 GDP APSA (2)

31 ( / ,000 97,000 98, , , , , , , , ,000 1,035, ( ) n.a. 15,000 30,000 48,000 49,000 85,000 ( ) n.a. 15,000 22,000 13,000 8,000 64, ( ) n.a. 26,000 39,000 24,000 14,000 64, , , , , , , n.a. n.a. 318, , , , , , , , ,000 1,544, ,000 1,123,000 1,532,000 1,301,000 1,328,000 3,522, ,781,457 2,836,979 2,892,501 2,948,023 3,004,108 4,193, ()/ FerticaCement Panama S.A.Melo (3) ( ) / , , , , , , , , ,000 62,000 66,000 34,000 67,000 36,000 38,000 50, , , , , , , ,000 2,017, , , ,000 1,045,000 1,094, , ,000 2,467, GDP (4) MIT 6

32 GDP 2.4 (1,000 ) ,466 3,860 5,573 6,337 6,733 8,727 9,517 42, MIT 2.5 GDP (2.6) , , , , , , , , , , , , , , ,970 1,002,321 1,376,289 1,613,598 1,664,360 1,298,379 1,306,073 5,428,

33 Traffic Fore Cast Max. in the past record 4,165,000 1,588, ,000 26,000 19,860,000 19,860,000 6,270, , , ,035,000 1,035,000 85,000 30, , ,000 64,000 20,000 84, ,000 64,000 64,000 & 200, , , , , , ,000 & 1,544,000 & 2,017,000 3,561,000 & 51,800,000 3,502,000 2,467,000 23,362,000 2,467,000 25,829,000 42,850,000 5,428,000 51,839,000

34 RGDP GDP / 0 2,500 65,700 ton 0 1,000 30,000 30, , ,000 10,000 15, ,200 66,000 39,420 1, , , ,000 89, ,800 ton 330, , , , , ,000 89,000 80, ,800 ton 330, ,000 9

35 AMP AMP Banana Banana Oil Wheat Maize Petroleum Clinker General Containers Existing Port System International Ports Banana Fertilizer Others Almirante Chiriqui Grande CCT MIT Bahia Las Minas Cristobal Charco Azul Pedregal Aguadulce Balboa Petroleum Sugar Fertilizer FertilizerSugar Containers

36 16 8 Existing Port System Domestic Ports Bocas del Toro Regional Hub Port Feeder Port Highway El Porvenir Wichubuala Cargo Ship Route Light Craft Routs (Passenger Boats) Inter-modal transport Changuinola Almirante Colon Port Terminal Private) Nargana Ustop Obardia El Real Coastal Communities Mutis Panama Port Quimba Chiman Coquira Chepigana La Palma Jaque Garachine Islas Chepillo Coiba Is. Taboga Las Perlas 3.2 AMP 3.2 Panama Maritime Authority, AMP Law Decree No. 7 Autonomy AMP (1) 3 1) 2) 3) 1) 2) 11

37 16 8 3) 4) 5) 6) 7) AMP 4 1) 2) 3) 4) 5) 6), 7) 8) 9) (2) AMP 1) 2) 3) 4) 5) 6) 1) Autonomy 2) 12

38 16 8 3) 3.3 (1) 1) 2) Inter-modal 3) (2) 1) a) b) c) d) e) f) 13

39 16 8 AMP CIQ 2) AMP Autonomy (1) 2.7 1) ) 14

40 16 8 MIT ( ) (2) USD 250/Move USD 150/Move TEU 200GRT 15

41 16 8 RoRo 16

42 ) a) b) AMP 2) a) b) c) d) 3) a) b) c) d) e) f) 4) a) b) c) d) e) 5) a) AMP b) 17

43 16 8 AMP c) AMP 18

44 (1) Banana 300,000 Petroleum (5) Banana 100,000 Petroleum (4) Wheat: 210,000 Maize & Soy Beans:1,035,000 Petroleum (1) Clinker 300,000 General 0 Future Port Network without major investment Containers Import:1,081,000, Export:1,412,000 Break Bulk Import: 140,000, Export: 0 Fertilizer 64,000 Almirante (Private) Chiriqui Grande (Private) Colon Container Terminal MIT Bahia Las Minas Cristobal (Private ports) Petroleum (3) (Private) Charco Azul (Private) Pedregal (AMP) Fertilizer: 64,000 Sugar: 20,000 Aguadulce (AMP) Sugar: 30,000 Fertilizer: 85,000 Balboa (Private) Petroleum (2) Containers Import 463,000, Export 605,000 Break Bulk Import 60,000, Export: 0 Note:Petroleum Import: 19,860,000 (Total of (1), (2), (3), (4)& (5) (2)

45 16 8 1) RoRo 2) RoRo AMP 5.2 Port Network Domestic trade Bocas del Toro Regional Hub Port Feeder Port Highway El Porvenir Wichubuala Cargo Ship Route Light Craft Routs (Passenger Boats) Inter-modal Service Changuinola Almirante Colon Port Terminal Private) Nargana Ustop Obardia El Real Coastal Mutis Communities Islas Panama Port Quimba Coquira Chiman Chepillo Chepigana La Palma Jaque Garachine Coiba Is. Taboga Las Perlas AMP

46 (1) : USD / Bocas del Toro Bocas del Toro Almirante Chiriqui Grande Charco Azul Chiriqui Armuelles Pedregal Veragus Mutis Los Santos Cocle Mensabe Aguadulce (US$/Year) Ro-Ro : ( ) RC Ro-Ro AMP JICA Ro-Ro 0 0 Ro-Ro : (Private) CBI ( ) AMP 2,400 (AMP) Ro-Ro JICA Ro-Ro 0 2,400 8ha 0 (AMP) L 25.5m, B 14.2m, D=2.2m 0 (PTP) L 182m, B 24.2m, D=11.0m (E/W/0), VHF 0 835,600 (PTP) D=24.2m (PTP) D=21.0m (E/W/0), VHF 0 2,125 0 (-10m) : L 137m L 277m, B 5.5m , ,000 #1: 4,334, #2: 23,357 0 (-2.5m) RC 0 (50,000) : m 80,000 m 3 / 259,700 : 2,000metric tons 259,700 50,000 2,420 0 (1) L 16.5m (2) T: L 15.0m 24,000 L 20m Martin Grande River 0 Martin Grande River 0 24,000 7,000 0 L 100m B 24m ( m) (375,400) (90,070) m 9.5km 60,000 m 3 / 204, , ,470 (-4m) T L 16.3m B 3.9m 1996 L 55.9m B 3.0m 10,000 Mensabe River Mensabe River 10,000 ( ): ( ): (E/W/O): ( / / ) 21

47 (2) : USD / Colon Bahia Las Minas Panama Panama Taboga Darien Vacamonte Fiscal Quay in Pana Quimba Coquira La Palma AMP 1) USD 801,100 ( ) 2) USD 665,470 (US$/Year) 4.7ha 0 (-7m) L 91m B 16m m 0 0 L 110m (-10.5m), L 60m 0 1,040,950 0 (-6m) T L 132.5m B 12.5m L 108m B 12.5m (-3m) L 100m B 6.5m 2 48,000 (-3m) L 60m B 5.5m 2 48, ha, m L = 1km, -6.0m 31,000 m 3 / 125,100 L = 1,050m 0 2,400 / 223,500 2,007 0 L 145m B 14.5m 4,800 1,000 24, m 0 0 2,400 31,200. AMP2004 (150,000) 1,500 1, ,000 5,000 0 L 58m B 34m km ( ) L 6.4m B 4.6m IDB 0 L 13.6m B 2.0m 0 Ro-Ro ( ) Ro-Ro IDB 6, ,000 0 ( ) L 40m B 16m = Painting, once every year. 2,000 0 Ro-Ro ( ) (Ro-Ro ) IDB 12, ,000 ( ): ( ): (E/W/O): ( / / ) (USD) 801,100 (USD) 665,470 1) 13 2) Repair 22

48 AMP (1) AMP 1) SecurityIMO ISPS Code AMP 2) a) b) AMP c) d) e) f) 3) a) b) Maritime Chamber Maritime Community c) 4) a) AMP b) Maritime Sector 5) a) RoRo b) c) d) 23

49 16 8 (2) AMP 1) AMP ( Tool ) 2) 5.1 Tariff 3) Port Administration a) Security AMP b) c) d) User Friendly 4) 5) 6) 24

50 AMP AMP (1) a) b) c) d) (2) AMP a) b) c) d) (3) 4 1abc2bcd3 1acd2d3 1ab2abcd3 4 25

51 16 8 1) Gateway a) b) RoRo c) 2) a) b) 3) a) b) c) d) e) f) 4) 6.2 1) a) RoRo b) ,000 26

52 16 8 2) a) 128,000 42, ,000 20,000 b) 50, ,200 c) 140GT 300 1,400GT 20 3) GRT GRT ) , TEU TEU 400,000 5% 20,000 50,000 40% 20, ,000 20,273 10% 19,300 2, ,000 11,450 10% 10,900 1, ,000 11,975 10% 11,400 1, ,000 24,790 10% 23,600 2,479 5, % 1, ,000 11,765 50% 56,000 5,882 10,000 1,050 30% 3, ,000 7,458 10,000 1, ,000 90, ,200 13,151 JICA Study Team 27

53 Banana 100,000 Banana 280,000 Petroleum (4) Petroleum (1), Clinker 300,000, General 0 Petroleum (3) Wheat: 168,000 Maize & Soy Beans: 841,000 Future Port Network (Potential Cargo Traffic) Containers Import: 1,081,000 Export: 1,412,000 Break Bulk Import: 140,000 Export: 0 Almirante Chiriqui Grande Colon Container Terminal MIT Bahia Las Minas Cristobal CharcoAzul Chiriqui New Port Pedregal Aguadulce Balboa Petroleum (2) Fertilizer: 128,000 Wheat: 42,000 Maize & Soy Beans: 194,000 Container: 50,000 Sugar: 20,000 Break bulk: 20,000 Container: 13,000 Sugar:30,000 Petroleum (1) Container Import: 463,000, Export: 605,000 Break bulk Import: 60,000, Export:

54 (1) AMP AMP RoRo RoRo (2) 7.3 GDP 25,000 56,000DWT 150GRT 1,400GRT

55 (3) GRT (4) GRT

56

57

58

59

60

61 USD 4,562, % ,793, % 7.3 2,346, % 7.4 7,134, % ,836, (1) USD 1 89, ,816 2 m , ,485,124 3 m 70 3, ,638 4 AMP m ,165 5 m ,008 6 m , , , , ,150 2,305, (2) USD , ,893 2 m , ,130 3 PC 2 141, ,040 4 PC 1 63, ,367 5 m 106 2, ,726 6 m ,788 7 m 2 1, ,030 8 m , , , , ,750 2,257,224 4,562,624 36

62 USD 1-12 m m 3 1,938, ,876, m m 3 449, ,144, m m , ,983, m m , ,152, m m 120 9, ,146,992 6 m , ,839,690 7 m ,796 8 m 310 2, ,184 9 RC 1 m , m 2 38, ,103, , , , , m 2 32, , , ,764 49,793, USD 1 m 2 7, , m m , ,035,776 3 m 40 6, ,914 4 m 1, , , ,120 6 m 2 2, ,550 7 unit 30 1, ,500 8 m 2 1, , , , , ,500 2,346, USD 1 m 2 4, ,044 2 m 2 1,648 1, ,350, , , m x 45 m 1 858, ,656 5 m , m , , x 2 1 1,200, ,200, , ,140 9 m 2 4, , , , , , , , , , m ,650 5,917,587 37

63 (1) EIRR 20.7 Feasible (2) a) USD 450/Container b) USD 43/ c) Without Case 2,000DWT 25,000DWT 2,000DWT 6,000DWT d) EIRR 15.4 Feasible (3) Without Case EIRR 13.9 Feasible (4) a) b) EIRR 16.4 Feasible 38

64 (1) 1) RoRo RoRo Ferry AMP 2) AMP 3) AMP MIVI AMP AMP AMP 4) AMP 5) AMP

65 (2) 1) AMP 2) PTP AMP AMP AMP AMP 3) PTP PTP AMP 4) CIQ

66 ) 6) (3) 1) AMP AMP BOO BOT 2) AMP 23 AMP AMP AMP

67 (4) 1) IADB RoRo AMP 2) 3) AMP 4)

68 (1) Ro-Ro : 63 m : -2.5 m : 31.5 m : -1.0 m : 31.5 m : -2.0 m - - : 700 m 2 (AMP,,,, ) (2) 8.2(1) (2) 8.2 (1) USD , ,816 2 m , ,485,124 3 m 70 3, ,638 4 AMP m ,165 5 m ,008 6 m , , , , ,150 2,305,401 43

69 Ro-Ro / / 4,562,624 49,793,444 2,346,760 5,917, AMP SPC AMP SPC 10 % AMP 40 %SPC AMP 90 % AMP 3 % % AMP 10 % 3 % % 6 % % 5 10 EIRR % % % % FIRR % 9.79 % % % DO DO DO DO

70 (2) USD , ,893 2 m , ,130 3 PC 2 141, ,040 4 PC 1 63, ,367 5 m 106 2, ,726 6 m ,788 7 m 2 1, ,030 8 m , , , , ,750 2,257,224 4,562,624 (3) IDB 4 IDB (4) AMP AMP AMP 45

71 16 8 IDB (5) % 10 % 1 % ( ) 10 % EIRR % 8.5 EIRR 8.5 A 10 % B 10 % C A B % % A : 10 % % B : 10 % % A B % (EIRR) EIRR (6) 46

72 16 8 AMP 10 % AMP 90 % 3 % 5 20 FIRR % % A : 10 % 9.81 % B : 10 % 9.78 % A B 8.92 % (FIRR) FIRR (10.69 %) (7) AMP 47

73 Ro-Ro AMP AMP DO 8.2 (1) m 12.0m 110m 6.5m 120m 5.0m 780m +8.0m 360m +3.0m - - -

74 m 2-2,300m m (2) USD 1-12 m m 3 1,938, ,876, m m 3 449, ,144, m m , ,983, m m , ,152, m m 120 9, ,146,992 6 m , ,839,690 7 m ,796 8 m 310 2, ,184 9 RC 1 m , m 2 38, ,103, , , , , m 2 32, , , ,764 49,793,444 (3) (Special Purpose Company) 5 SPC

75 16 8 (4) SPC SPC SPC SPC SPC PTP AMP 1) 2) SPC SPC AMP SPC SPC (5) % 10 % 1 % USD 10 USD 4 USD EIRR %

76 % % A : 10 % % B : 10 % % A B % (EIRR) EIRR (6) SPC 40 % 60 %SPC SPC 6 % % AMP USD 259,000 FIRR 9.79 % % A : 10 % 9.05 % B : 10 % 8.92 % A B 8.22 % (FIRR) 51

77 FIRR (9.79 %) (7) 1 km 120 m AMP MARPOL AMP AMP DO

78 (1) 8.12 AMP CIQ m x 15 m 1,000 m 2 AMP 300 m m ,200 m m 2 (2) USD 1 m 2 7, , m m , ,035,776 3 m 40 6, ,914 4 m 2 1, , , ,120 6 m 2 2, ,550 7 unit 30 1, ,500 8 m 2 1, , , , , ,500 2,346,760 (3)

79 AMP (4) PPP AMP AMP 6 % 5 10 (5)

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