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Evaluation of ecological and economic efficiency of investment in water management and land reclamation projects

Pyotr Kovalenko Anatoliy Rokochinskiy Pavlo Volk Vasyl Turcheniuk Nadia Frolenkova Ruslan Tykhenko

Journal of Water and Land Development | 2021 | No 48 | 81-87 | DOI: 10.24425/jwld.2021.136149

Keywords ecological and economic efficiency evaluation investments land reclamation risks scientific and methodological principles water management weather and climatic conditions

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Abstract

The article is devoted to the actual scientific and practical problem of improving methodological and methodical ap-proaches to the evaluation of design solutions in the water management and land reclamation industry based on the ecolog-ical and economic principles in conditions of uncertainty. The current stage of the development of the water management sector in Ukraine is characterized by a combination of past negligence and the present energy, food and water crises, as well as global climate change. To solve these problems, it is necessary to reform organizational-economic relations in the industry, including new sources and forms of financing for water management and land reclamation projects, introduction of new environmentally advanced technologies, and the im-provement of the existing ecological and economic evaluation of investments. Based on scientific and methodological recommendations used for evaluating the effectiveness of investment in vari-ous spheres of economic activity, the authors developed and implemented an improved methodology for the evaluation of water management and land reclamation projects. It is based on methodological approaches that cover such elements as the variety of options, changes in the value of money over time, specific project implementation environment, including the impact of weather, climate and environmental factors on project performance, multilevel and gradual evaluation of a pro-ject against specific criteria and according to stages of the project cycle. The method was tested during the reconstruction of a rice irrigation system in the steppe zone of about 3000 ha in Ukraine. Economic results, namely the deterministic payback period and investment return index confirm that the proposed mechanism, unlike the traditional one, increases the economic and environmental feasibility of water management and land reclamation projects. Therefore, it stimulates investment in the land reclamation sector.

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Authors and Affiliations

Pyotr Kovalenko

e-mail:

ORCID:

Anatoliy Rokochinskiy

e-mail:

ORCID:

Pavlo Volk

e-mail:

ORCID:

Vasyl Turcheniuk

e-mail:

ORCID:

Nadia Frolenkova

e-mail:

ORCID:

Ruslan Tykhenko

e-mail:

ORCID:

Institute of Water Problems and Land Reclamation of NAAS of Ukraine, Chapaeva Str., 14, fl. 6, 01030, Kyiv, Ukraine
National University of Water and Environmental Engineering, Rivne, Ukraine
National University of Life and Environmental Sciences of Ukraine, Kyiv, Ukraine

Differentiation in the value of drained land in view of variable conditions of its use

Anatoliy Rokochinskiy Pavlo Volk Nadia Frolenkova Olha Tykhenko Sergiy Shalai Ruslan Tykhenko Ivan Openko

Journal of Water and Land Development | 2021 | No 51 | 174-180 | DOI: 10.24425/jwld.2021.139028

Keywords agricultural land cost of land drained lands land resources monetary valuation of land soil assessment rational use of land

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Abstract

The article is devoted to a topical scientific problem in modern conditions – valuation of land in Ukraine. The imperfection of the existing approaches requires further research on the changing conditions of land use and their impact on land pricing.
A methodology for determining the market value of reclaimed land based on a differentiated assessment of its productivity through crop yields is proposed, taking into account natural and climatic zones and other conditions of a particular region. The basis of the methodology is the application of long-term forecast and a set of forecast and simulation models, in particular the model of area climatic conditions and the model of water regime and water regulation technologies on reclaimed land. At that the crop yield model as a complex multiplicative type model takes into account all main factors influencing crop yield formation: weather, climatic and soil conditions, cultivation techniques, water regime of reclaimed land, etc.
The proposed approaches were tested by the method of large – scale machine experiment using a land plot in the zone of Western Polissya of Ukraine as the example. The obtained results indicate that there is a differentiation in land value, which is a proportional derivative of the yield of cultivated crops depending on the conditions of their cultivation. The variation range of the studied indicators in relative form by the ratio of maximum and minimum values to the weighted average value is for cultivated crops – 393%, and for the above soils – 44.6%. Thus, within one object, the estimated value of land in view of available soils and cultivated crops varies from USD2456∙ha–1 to USD4005 ∙ ha–1, averaging USD3522 ∙ ha–1.

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Authors and Affiliations

Anatoliy Rokochinskiy

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ORCID:

Pavlo Volk

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ORCID:

Nadia Frolenkova

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ORCID:

Olha Tykhenko

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ORCID:

Sergiy Shalai

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ORCID:

Ruslan Tykhenko

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ORCID:

Ivan Openko

e-mail:

ORCID:

National University of Water and Environmental Engineering, Rivne, Ukraine
National University of Life and Environmental Sciences of Ukraine, Str. Vasylkivska, 17, 03040, Kyiv, Ukraine

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Evaluation of ecological and economic efficiency of investment in water management and land reclamation projects

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Differentiation in the value of drained land in view of variable conditions of its use

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