COST-BENEFIT ANALYSIS ON MARINE PARKS IN TERENGGANU

Marine parks have existed in Malaysia for a long time, but some have neglected the economic roles these marine parks play. This research aims to find out the benefits and costs generated by the marine parks in Terengganu by using cost-benefit analysis (CBA). Through data collected from literature review, various websites and the Department of Marine Park’s annual statement, it is found that the marine parks generate benefits to all constituents, but in protecting environment these marine parks faced some problems. In order to achieve these marine parks goals, based on our findings, we suggest that these marine parks increase its entry charge to keep the sustainability of these marine parks which will be benefited to all constituents.