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Consultation seminar on the preparation of full Application Form for LSP 6 December 2011, Tartu Consultation seminar on the preparation of full Application Form for LSP 6 December 2011, Tartu Feasibility study Feasibility study 1
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Single study covering the entire cross-border project Broader view on the operation, consider all the factors associated with the project Look at the viability of the idea and identify potential problems Precedes technical development and implementation Based upon verifiable data and contain sufficient information The information from feasibility study is valuable for further project elaboration and implementation Definition
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Technical and operational feasibility Economic feasibility Legal feasibility Schedule feasibility +Risks analysis +Analysis of alternative project or situation without project Feasibility factors
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The capability in terms of technology, land, operational capacity, personal and expertise or possibility of aquiring from outside Estimate whether the new system will perform adequately or not, how well it will solve the problem Not just whether a system can work, but also whether it will work The whole operational period is considered and not just the project timeframe Evaluation of any possible internal or external resistance Technical and operational feasibility 4
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Justification of proposed costs and description of benefits The feasibility of the project from financial point of view and financial sustainability Benefits outweighting costs (not applicable in case of non-commercial projects) Cost Estimate is based on real data and includes allowances for optimisim bias, inflation and a contingency for unexpected change during detailed design development and implementation Cost Estimate includes for costs of design, tender and supervision if these costs are not being borne by Beneficiary or Project Partner Economic feasibility 5
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A project is financially sustainable when it does not incur the risk of running out of cash in the future Cash proceeds and payments – how sources of financing (incl. revenues and any kind of cash transfers) will consistently match disbursements year-by-year What resources the project will draw on when the EU grants are no longer available FA - Financial sustainability
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Analyse whether the proposed system conflicts with legal requirements Analyse whether the project timetable is reasonable and feasible, including before the project, all the stages of the project implementation (including warranties and maintenance periods) and post- project analysis !!!“Contingencies” for possible unexpected delay: *design approvals taking longer than expected *the first round of tenders failing (re-tender) *unexpected events during implementation *political and management changes Legal and schedule feasibility 8
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Location permit Land ownership Building permit Location plans, general layout Architectural general plans, structural sizes, installations Supporting attachments
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Estimated cost of the Feasibility study and technical specifications The level of readiness in projects and time needed for preparing it The modality for funding the Feasibility studies and technical documentation To be considered 10
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Further Information JOINT TECHNICAL SECRETARIAT Phone: +371 6750 9520 Fax: +371 6750 9523 E-mail: info@estlatrus.euinfo@estlatrus.eu Ausekļa Street 14 – 3 rd Floor, Riga, LV-1010, Latvia
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12 Thank You for attention!
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