The Project Committee shall submit a detailed report of the feasibility study results and its recommendation on the proposed project to the Technical Bureau , which, in its turn, shall submit that report to the Financial and Economic Committee to review and discuss thereof and to take the appropriate decision, whether to proceed with the approval of the joint project or not.
The Project Committee depends in its recommendation regarding the project study results on the following standards:
• Project technical and practical implementation viability.
• Project consistency with the strategic and sovereign plans of State.
• Project suitability to the legislative, regulatory and contractual framework.
• Project environmental and social impacts and the ability to mitigate thereof.
• Project viability to attract financing from financial institutions.
• Potential investors' interest and desire to contribute to the joint project capital.
• Project reflections on the state public finance.
If the Financial and Economic Committee agreed to proceed with the joint project, it shall refer it to the Cabinet to take the appropriate decision.