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<br />1.3 Loan Feasibility Stndy - Overview <br /> <br />e <br /> <br />A Loan Feasibility Study is a technical report, prepared by an engineer, consultant, <br />and/or project sponsor that establishes and documents the following: <br /> <br />a. the need for the project; <br />b. the technical, economic, institutional and financial feasibility of the project; <br />c, the social and environmental impacts of the project <br /> <br />A Loan Feasibility Study differs from a reconnaissance-level planning study, which is a <br />broad conceptual overview of a wide range of options, possibilities and opportunities. <br />The Loan Feasibility Study focuses in more specific detail on a limited number of <br />project alternatives, <br /> <br />The Loan Feasibility Study elements will vary from project to project, but generally will <br />include the following: <br /> <br />. Purpose - A description ofthe need and purpose ofthe project. <br /> <br />. Sponsor - A description of the project sponsor including type of organization, <br />service area, water facilities, revenue sources, existing rates, etc, <br /> <br />e <br /> <br />. Water Demands and Water Rights - A description of existing and future water <br />demands, and the adequacy of water rights and the quality of water sources with <br />respect to the intended use of the water. <br /> <br />. Analysis of Alternatives - A formulation and evaluation of potential alternatives for <br />accomplishing the project sponsor's objective, <br /> <br />. Selected Alternative - A detailed description of the selected alternative, including a <br />preliminary design and construction cost estimate, and a project schedule. <br /> <br />. Impacts - A description of project social and environmental impacts, <br /> <br />. Institutional Considerations - A summary of institutional considerations (such as <br />permits, court actions, contracts, agreements, and other approvals) that are required <br />for project implementation, <br /> <br />. Financial Plan - An analysis of project funding sources and the project sponsor's <br />ability to repay all existing and projected debt service, <br /> <br />e <br /> <br />5 <br />