Stage Two: Feasibility Study
Last updated:
April 2010
The minimum requirements of a feasibility study are set out in the Feasibility Study Guidance Notes, summarised below.
- Market assessment
- Engineering methodology
- Trail specification
- Route description and land ownership
- Major structures and works
- Statutory approvals and assessment of effects
- Construction and maintenance
- Design and construction cost estimates
- Assessment of economic costs and benefits
- Governance structure and partnerships
- Key risks to be resolved prior to construction
The feasibility study should include a comprehensive assessment of all material risks that may impact on whether or not a proposal is feasible. The feasibility study is also expected to identify matters that need to be resolved or addressed as part of the business case stage.
Any funding agreement entered into with the applicant will describe how funding is to be applied to specific aspects of the feasibility study.
Upon the completion of the feasibility study, the TAG will review the findings and provide advice to the Funding Committee. The Funding Committee will then decide whether to approve the proposal to move to stage three (business case).
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