The Technical Advisor, appointed as a member of the Transaction Advisor Consortium, should determine the technical specifications for the project suitable for a PPP. It should undertake a review and visits of the project sites identified by the Government Entity, in order to assess whether the site is feasible to undergo construction, identify potential roadblocks to project implementation, such as the provision of utilities, harmful effects on the groundwater table, whether there are appropriate means for access, parking requirements, and whether the construction would actively harm the existing geology, and other relevant project specific technical issues.
The Government Entity is encouraged to actively support the Transaction Advisor during this period, facilitating site visits and meetings with applicable government agencies, in order to gauge the status of future utility connections, discuss access and egress issues, and discuss the construction of roads near the site, amongst other issues.
The Technical Advisor should develop the costs for the project, including capital costs required to meet stated outputs, operating costs, and maintenance costs. The costs should be estimates based upon benchmarking analysis conducted using local and regional precedent projects, following inputs and validation from the Government Entity. In addition, revenue should also be estimated by the Technical Advisor with the aid of a comprehensive demand assessment that takes into account the scope of the project, benchmarking analysis of comparable projects, and primary and secondary surveys, amongst other project-specific methodology, as determined to be appropriate in conjunction with the Government Entity.