Financial and economic analysis of development of Bajayu irrigation Serdang Bedagai

Abstract

Construction of Dam region irrigation Bajayu Serdang Bedagai is one of public infrastructur in Tebing Tinggi city, as the most important agricultural sector. Dam is the main building infrastructure in irrigation that serves to raise the air to flow to the planned irrigation area. With this effort can be arranged or managed, so that agricultural productivity can be improved. Serdang Bedagai Regency (Sergai) is one of the rice granaries in North Sumatra Province (North Sumatra). To maintain and improve the productivity of agricultural land in the area requires adequate irrigation air. This research was conducted to find out the right time, to analyze the financial and economic feasibilty of the dam construction of Bajayu irrigation area with indicators of NPV, IRR, and BCR as well. Sensitivity analysis due to cost changes. This research is done by collecting basic data of research conducted in field then data from field processed into form of systematic calculation. Next analyze the primary and secondary data generated from. After that a formulation that will be used derived from literature study then performed data analysis. The results of the data analysis will be used as the basis for making conclusions so that suggestions will emerge. Optimal handling is estimated to be 10 years, so in that time period it gradually increase to the 13th year and will remain from year 13 to the next. From the financial calculation of Bajayu Irrigation Area obtained NPV = IDR 1.778.603.070.507,62, IRR = 27%, BCR = 4.6. And from the economic calculation of Bajayu irrigation Area obtained NPV = IDR 1.235.038.404.979,95, IRR = 32%, BCR = 6.92. From the calculation of the sensitivity analysis for the change of cost (cost) and the benefit of ±5% and ±10% for financial and economic analysis shows the project plan is still very feasible.