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If we agree that decisions about investment
are probably the most strategically important
for any enterprise or industry or government
then it follows that the feasibility study is
one of the most important supporting processes
for that strategy.
A feasibility study has to establish whether
or not an investment is going to create value
for the principal (s), be they public, private
or a public private partnership.
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The feasibility study has taken on added importance
with the growth in PPPs which often involve
billions of investment dollars, durations of
30 years or more and complex mechanisms for
transferring risk.
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