Toolbox

This activity is based on the pre-feasibility study carried out in the Project Preparation (Activity 37). It involves the elaboration of technical and economic studies that go in depth on each of the projects that make up the project portfolio. This means that only for those projects, from the predefined list in E23, that have a high level of certainty in terms of execution will have the studies mentioned. 

The sheet expands in detail on the project's strategy and technical solution, as well as its more specific components and activities. It also elaborates on its objectives and benefits in terms of technical, social, economic, environmental, climate change mitigation or adaptation and specifies costs. It also includes a cost-benefit analysis, which is carried out to ensure that the project is feasible. In case the costs are higher than the benefits, the project will have to be adjusted or reconsidered. However, it is quite possible that this can be avoided by following the above steps of project preparation and prioritisation.

Using the T47 Strategic Project Sheet Template as a guide, all information is captured in a technical sheet template for each strategic project, including also its location, alignment with objectives and strategies, responsible and co-responsible bodies, beneficiaries, linkage with existing initiatives, conceptual design or target image, and additional requirements.