Gauteng SDI Rail Link - Gautrain

375. IMPLEMENTATION CONSIDERATIONS ANDPARAMETERS5.1 FEASIBILITY AND BANKABILITYThe Gauteng Cabinet has already accepted the SDI Rail Link as one of theten SDI projects to be implemented if at all possible. Its willingness toimplement has therefore been illustrated and was based on a number ofconsiderations. This is the reason why this study is not only a feasibilitystudy, but also a planning and implementation study leading to a Request forProposals. Therefore it is not only the feasibility for Government that isimportant, but even more so the feasibility and bankability for the privatesector, as they would have to become fully involved.Feasibility can be considered firstly as the general factors that should bepresent to make the project possible (in terms of the broad description offeasibility), and secondly, those criteria that have to be met for by any specificbody to accept the project as feasible.Investors will require a comprehensive feasibility report, stating clearlyGovernments viewpoint on the feasibility of the project, and indicating projectviability with sufficient information to judge for themselves the feasibility of theproject.Feasibility implies that the project can be implemented. This is judged interms of:• Technical FeasibilityTechnical Feasibility means that all the criteria are met which will indicatethat it is technically possible to implement the project.• Economic FeasibilityA project is considered economically feasible, if the benefits accruing tothe broad community (usually measured in monetary terms) is higher thanthe cost of undertaking the project. This, in other words, implies thatconsideration be given whether “it is worth it?”Gauteng SDI Rail Link – Inception Report, 15 June 2000