Fundamental to the success of PPP projects is the need to carry out detailed feasibility studies and market assessment. These have now been incorporated as part of the revised PPP process to ensure that potential viability constraints of projects could be identified at the outset and steps taken to ensure mitigation.
To support this process a structured mechanism was put in place for the appointment of internationally experienced transaction advisors and the development of projects on the basis of key milestones, consisting of a combination of inception overview, preliminary findings, draft feasibility outputs and final report. During this period feasibility assessments were either on-going or had been completed on around 20 projects and the process was on-going for the appointment of advisors to conduct feasibility studies on another dozen or so projects.