Step 3: Feasibility
Once technology and delivery options have been approved by council, study in more details the feasibility of the project
A consultant needs to be appointed to conduct the feasibility study. The study should answer to the following questions. This list should help you draft the ToRs.
Components to be included:
Reminder: if your project is a PPP, NT has defined specific processes and requirement. Please refer to the PPP Unit.
- Project definition
- Composition and quality of waste and suitability for a technology
- Output of the waste treatment process: is there a market for the product (be it electricity, gas, compost, etc.)
- How much will the project costs?
- What are the financing options?
- Financial modelling, including gate fees, tariffs, and an outline of the optimal return on investment including pay-back period.
Delivery model and contracting:
- How should contracting be done? – different types of contracting Confirm the delivery model, do section 78 if necessary.
- Will I get value for money?
- What are the benefits and cost associated with the projects?
- What are the technology option risks?
Initiate the Environmental processes:
- What are the environmental processes to follow?
- Is an Environmental Impact Assessment necessary?
- Involve the relevant stakeholders in regular meetings to discuss way forward, progress of plans in order to make decisions that will impact on the implementation of the project.
Develop implementation and procurement plan:
- Formulate, negotiate and finalise contract supported by an implementation plan
Report to Council:
- Submit detailed feasibility report to Council for approval (include implementation and procurement plans).
- Submit public sector comparative model.
- Council determines if the project can proceed and how (taking into account procurement, delivery options, budget).