Infrastructure Project Feasibility Assessment (Road, Bridge, Water): A Comprehensive Guide
The development of infrastructure projects, such as highways, bridges, tunnels, water supply, and sewerage (wastewater) systems, is the foundation of the socio-economic advancement of any country, including Georgia. Such large-scale initiatives require enormous capital investments and are associated with significant engineering, financial, and environmental risks. That is why it is critically important to conduct a Technical and Economic Feasibility Assessment (Feasibility Study - FS) before the start of a project. This is a complex, multidisciplinary study aimed at determining the viability, technical feasibility, and economic justification of the project. In Georgia, where the construction of the East-West Highway, the modernization of regional infrastructure, and the rehabilitation of municipal water supply networks are actively underway with the support of international financial institutions (EBRD, ADB, World Bank), a high-quality feasibility study is a mandatory prerequisite for securing funding and efficiently managing public or private resources.