The purpose of this section of the P3 business case is to:
1. Outline the rationale underlying why the sponsor is moving the project forward;
2. Substantiate the planning work that has been completed to support the feasibility of the project, including:
a| Scope and nature of the project;
b| Defined objectives and expected benefits to be derived from the project;
c| Discussion of alternatives to the project, and a clear articulation of the rationale for the preferred investment decision; and
d| Community, political and financial support for the project.
This section of the P3 business case is important because it:
• Frames funding eligibility;
• Demonstrates sponsor preparedness, knowledge and understanding of the project;
• Is a critical input in framing the project's suitability for a P3 delivery approach; and
• Demonstrates experience with, and commitment to, the project.