oa Civil Engineering = Siviele Ingenieurswese - Economic assessment of the Orange and Vaal River water resource planning
The management of water resources should be based on sound, economically viable development options Economic evaluation of water resource planning is a relatively new approach in South Africa. It has been confirmed in international case studies that management decisions could be directed by economic conditions in water allocation options and resource management. South Africa has also recognised the value of economics in water issues by increasingly introducing economic studies in water resource management and water planning projects. The underlying rationale of this approach is that economic market principles underlie resource allocation and utilisation principles, which becomes significant in a country with scarce water resources such as South Africa. The Orange and Vaal River System studies have been completed for the Department of Water Affairs and Forestry, in their quest to manage South Africa's national water resources efficiently. Some of these projects are discussed in this article to illustrate the valuable contribution of economic evaluation in water projects.
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