Costs and benefits (Section 4.3)

◼ identify and provide economic and financial analysis of the key costs and benefits of these options, including disaggregated estimates for key intended beneficiaries

◼ early stage estimates of costs and benefits may be highly subjective and should be given as ranges, to identify the key risks and uncertainties (including risks relating to the "base case" of not proceeding with the project)

◼ the level of certainty for the cost estimates should be stated