Abstract: Lake in the centre of city is a source of recreation and other ecosystem services of its dwellers. Hatirjheel Lake is a prime source of entertainment and an indispensable part of flood regulation systems of Dhaka city. But recently, it is polluted by its visitors, residents, and industries. To save this lake for achieving the sustainability of its ecosystems, a waste management plant is supposed to be built closed to the Lake. So, it is necessary to analyze the costs and benefits of such project before its implementation. But, there is no direct market value of its recreational benefits.
In this paper, a literature review is performed to find a suitable method of valuation of the Lake to evaluate how much investment would be suitable......
Keywords: Environmental Pollution, Environmental Valuation, Travel Cost Method, Hatirjheel Lake.
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