Regional Economic Valuation of Reclamation Plan on the West Coast of Lae Lae Island, Makassar City

Abstract

The western waters of Lae Lae Island, Makassar City, have extensive reef plate land, which has become the object of reclamation planning in accordance with Regional Regulation No. 3 of 2022 concerning changes in the RTRW of South Sulawesi Province. Reclamation activities can affect the economic value of Lae Lae Island's natural resources. This study aims to estimate the value of economic benefits of resources before and after reclamation, with the objects analyzed regarding tourism, capture fisheries, and coral reef ecosystems. The results showed that the total economic benefit value of resources was IDR 2,043,212,016,-. The projection is that after the reclamation of land and its utilization, there will be an increase in the total economic benefit value of I 3,592,963,254,-. The benefits of existence are projected to rapidly increase after reclamation if tourism development goes well on Lae Lae Island, with adequate facilities and infrastructure support.