Advise whether [Company] should expand at [Port] through build-own, lease, or third-party partnership. Use a real-options lens to value defer, stage, or abandon choices under demand volatility [Volatility_Assumption] and throughput forecast [Throughput_Forecast]. Compare concession terms [Concession_Term], tariff flexibility, and capex phasing against financing costs at [WACC]. Quantify value of waiting versus first-mover advantage and define triggers for exercising options.
Output format: 1) Summary. 2) Options matrix: Strategy | Initial Capex | Option Premium | NPV (base/P90/P10) | Flexibility Value | Regulatory/Permitting Risk | Execution Complexity. 3) Decision tree with trigger thresholds (throughput, tariff index, construction cost). 4) Recommendation with governance cadence and KPIs.