The Second File or Partial Business Case is the second phase of the privatization project preparation process. It provides a more mature picture of the project's details and analyses project deliverability, including affordability, the capacity to pay for building, operating and/or maintaining the project (as applicable). The objective of the Second File is to narrow consideration to a single project concept which will be subject to final analysis and review. If the Work Team concludes that the results are sufficiently promising to warrant further analysis, the Work Team will recommend the project for advancement to the "Third File" and request the Supervisory Committee's concurrence. This is after granting the approval from CEDA. Note that the approval of the Supervisory Committee and CEDA on the Second File is considered an approval to proceed to the Third File and shall not mean directly or indirectly the approval of executing the procurement process of the Privatization project.