- 4Appraising PPP Projects
- Introduction
- 1 Where We are in the PPP Process
- 2 Objectives of this Phase
- 3 Overview of the Appraisal Phase/Process
- 4 Detailing the Scope of the Contract, Designing the Technical Requirements and Assessing Costs
- 5 Designing a Preliminary Structure of the PPP
- 6 Developing the Financial Model
- 7 Assessing the Technical Feasibility
- 8 Assessing Commercial Feasibility
- 9 Market Sounding
- 10 Confirming Economic Feasibility: Refining the Cost-Benefit Analysis
- 11 Assessing Fiscal Feasibility (Affordability)
- 12 Analysis of Impact on Government Deficits and Debt
- 13 Assessing Environmental Feasibility[40]
- 14 Assessing Social Feasibility
- 15 Assessing Legal Feasibility
- 16 Value for Money Assessment
- 17 The Procurement Strategy
- 18 Formal Requirements Regarding the Appraisal of PPPs and the Conditions Established by the Framework for the Green Light Decisions
- 19 Planning Ahead
- 20 Appraisal Report
- 21 Obtaining the Final Approvals
- 22 Getting Ready for the Next Phase: Check List
- 23 Summary of Outcomes of this Phase
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The main output of the legal feasibility analysis should be a detailed recommendation for the approval of the project based upon:
The existence of legal obstacles for the future development of the project, or In case any obstacle exists, the strategy to be followed to overcome it as well as the estimation of time and resources necessary to do it.
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