The paper presents a theoretical framework for the appraisal of industrial projects. The analysis begins with the commercial evaluation followed by the economic evaluation from the national point of view. Notes are also made regarding indirect effects, the impact of the project on a town and...

It is generally agreed that a project's net present value (NPV) is the most important criterion for the financial and the economic evaluation of a project from either the owner's or economic perspective. The NPV criterion requires that a project analyst recommend only projects with positive NPV....

While the financial analysis of a project focuses on matters of interest to investors, bankers, public sector budgets, etc., an economic analysis deals with the impact of the project on the entire society. The primary difference between the economic and financial evaluation is that the former...

Large-scale, capital intensive projects in Canada frequently rely on foreign financing and as a result the foreign-owned segment of many sectors has grown considerably. New projects either reallocate the existing foreign investment into the country or cause a net augmentation to the capital...

This paper evaluates a water distribution project using an integrated financial- economic-distributive approach. The economic analysis evaluates the true value of the project’s outputs and inputs, adjusting the financial values for any distortions such as taxes, subsidies, or foreign exchange...