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In the Bohai coastal area, more than USD 2 billion in environmental investments will be
needed for municipal wastewater treatment facilities, amd a further USD 0.5 billion for solid for
waste management. For the Manila coastal area, the required investments for solid waste
collection and disposal are estimated to be USD 150 million. When other environmental
facilities and services are considered, ICM programs open up huge investment opportunities,
which could add substantially to job creation and GDP growth.
PPPs are especially attractive for small and medium sized investment projects and
particulary appropriate for local governments. These partnerships enable the development of
sound projects, in terms of risk reduction, risk sharing and increased opportunity/ incentives for
securing favorable loans from national and international banking institutions, that could attract
public private sector investment .
Other sustainable financing mechanisms. Other sustainable financing models can also
be adopted, modified or refined to provide the necessary financial resources to sustain ICM
initiatives.
Overarching Processes
1. Stakeholder consultation and participation
Stakeholder participation is the key coastal management. The term stakeholder donates
all sectors of society at the local level that are directly or indirectly affected by exploitation
and use of coastal resources. Sectors include those that exploit and use the natural resources
for profit, coastal communities that traditionaly use natural resources for their food livehood,
and the public sectors ( local and central) that that govern and manage the use of these
resources. While the private sector causes most physical changes, and in some cases
ecological damage, contributes significantly to the degradation of the environment and
depletion of natural resources due the policy or management failures.
The public sector is the main player in coastal governance. Despite government red-tape
and inadequacies, management of the coastal environment and natural resources cannot be
effective or sustained, even at the community level, if it is undertaken outside the
government framework. Similiary, effective ICM requires the participation of all sectors of
society, including local communities, the business sector, academia, NGOs and other civil
society groups. It is therefore essential that these major players are involved at the very
beginning of any ICM initiatives.
Past approaches to stakeholder paryicipation have provided lessons on how to effectively
engage stakeholders. According to Davis (1997), these approaches encompass a range of
emphasis depending on the particular institutions and the intended responses and results.