LESSON 4 FINALS Flashcards
(31 cards)
involves securing the necessary
funds to implement prioritized tourism
projects.
Financing the Tourism Development Plan
(TDP)
Develop a matrix to calculate the total
cost of all ranked tourism projects.
* Determine how the LGU will allocate
internal or external resources to fund
these projects.
Financing the Tourism Development Plan
(TDP)
Explore various internal (local) and
external (national/international)
financing options.
Financing the Tourism Development Plan
(TDP)
They employ various strategies to mobilize financial
resources for tourism projects
The LGU
THESE ARE
Local government budget allocations
Revenue from tourism activities (e.g.,
taxes, fees)
Public-private partnerships (PPPs)
Local Sources
THESE ARE
Government grants and subsidies
Development banks and financial
institutions
External sources
THESE ARE
Donor agencies and foundations
Private investors
External sources
This is a collaborative arrangement
between a government entity
(LGU) and a private sector entity to
deliver public services or
infrastructure projects.
Public-Private Partnership (PPP)
They builds, operates,
and then transfers the project to the
government after a specified period.
The private sector
They are responsible for
design, construction, operation, and
transfer
The private sector
This is individuals and businesses can
contribute to LGU tourism
projects through donations or
grants.
Private Business Investment
These are Asian
Development Bank, Association of
Southeast Philippines and etc.
Commercial Bank
This is a comprehensive overview of the prioritized tourism
projects included in the Tourism
Development Plan (TDP).
The tourism project milestone matrix
- The estimated total cost of each
project. - The relative priority of each
project within the TDP
The tourism project milestone matrix
This provides a clear and concise overview of the tourism
projects, facilitating decision- making, resource allocation, and
project management
The tourism project milestone matrix
THESE ARE
* Tourism projects can be ranked
based on priority and impact.
* Projects with large estimated costs
need careful financial planning.
Implementation of Ranked Tourism
Projects
- To manage financial impact, these
projects can be implemented in
phases. - Phasing helps cushion the
financial burden on Local
Government Units (LGUs).
Phased Implementation
This helps cushion the
financial burden on Local
Government Units (LGUs).
Phasing
THESE ARE
* Breaking down projects into
manageable phases is known as
setting project milestones.
* Allows for a step-by-step rollout of projects, aligning with annual
budgets.
Project Milestone Approach
THESE ARE
* By using phased implementation and
project milestones, LGUs can make
high-priority tourism projects financially feasible.
- This approach ensures that all ranked
tourism projects can be realized over
time without overwhelming financial
resources
Financial Viability for LGUs
Create
protected areas to conserve marine life.
Establishment of Fish Sanctuaries
Designated spots for underwater exploration and enjoyment
Snorkeling and Diving Areas
Floating bridges to connect several islands for easy
access.
Installation of Floating Connectors.
Construction of bamboo rafts and cottages for
day use by tourists.
“Boat Houses” or Floating Day Cottages.
