3.3 - Economic Benefits

Rationale for Indicator Selection

Long-term economic benefits from the projects are important for sustainability.

This does not only apply to economic benefits for the private companies involved in the projects, but also for East Iceland and for Iceland as a whole.

The economic benefits added from the smelter and dam will include salaries, payments to public authorities, supplies procured in Iceland and profits that remain in Iceland. 

Metric

Economic benefits, in Icelandic kronas, that Fjardaal and Landsvirkjun create domestically through the projects by salaires, payments to public authorities and supplies procured in Iceland (Project effects: direct)

Target

1. Target not applicable. Will monitor and report data.

Monitoring Protocol

1. Financial departments of Landsvirkjun and Fjarðaál in cooperation with an independent consultant.

Performance

a. Below is a table that describes the economic benefits created domestically by Fjardaal and Landsvirkjun through the projects by salaires, payments to public authorities and supplies procured in Iceland.

Resources: Alcoa Fjardaal  and Landsvirkjun 2010.