Feasibility studies

TRM Engineering compiles or assists in the compilation of pre-feasibility and feasibility studies of urban planning and infrastructure projects which include transport systems and services of both passengers and goods. It provides the measurement components necessary, within the decision-making process, to the operational achievement of the project and the organizational technical solutions aimed at cost optimization, of the timescales and quality of the foreseen connections.

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The studies typically encompass technical, environmental, socio-economic, financial and administrative aspects verifying:

1. The TERRITORIAL TECHNICAL SUSTAINABILITY sets out the consequences of the project on infrastructural, environmental and geomorphological structures of the operation. This is clarified via the analysis of following components:
- knowledge base (current state, current operation, transformability conditions);
- functions to put in place;
- alternative solutions (organization, invariants, structural outline, contextual relationships);
- technological alternatives (strengths and weaknesses);
- pre-project surveys;
- consequences on current and planned infrastructure systems (modelistic studies aimed at assessing the impact of the new action);
- environmental consequences (environmental input studies, comparison between alternative project structures);
- identification of mitigating measures.

2. The ECONOMIC AND FINANCIAL SUSTAINABILITY examines the project’s financial and economic elements, identifying the public and/or private managerial characteristics:
- analysis of the socio-economic territorial context (identification of the project’s socio-economic targets);
- provisional analysis of the real and potential request (estimation of capacity to pay);
- framework and timescales of available or accessible financial resources;
- financial analysis model (economic feasibility assessment);
- economic analysis model (ACB, AMC, public expediency);
- risk and sensitivity assessment.

3. The ADMINISTRATIVE AND INSTITUTIONAL SUSTAINABILITY identifies the institutional, administrative and organization conditionals related to the implementation of the project:
- the implementation system of the project, mechanism procedures and organization;
- project activation methodology;
- the efficiency of technical, administrative and financial processes (operative procedures and instrumentation);
- transparency and verifiability of results in the go-live phase (operative procedures and instrumentation).

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An appropriate feasibility study facilitates the choice and understanding of which action to plan, whether to implement it, when and at what cost. It is therefore an operation aimed at defining and evaluating the potentiality of an action via an efficient analysis which enables the identification of correct correlation between product, user and costs, naturally without ever disregarding the architectural quality of the operation and the area in which it will be carried out.