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Social Economic Impact Assessment proposed Jacobuskraal Service Station, At R27 and R315 Intersection (updated: included Feasibility Study)April 2024Prepared byJacobuskraal Service Station Development,
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01
Identify the objectives and scope of the study
02
Gather relevant data on the project or proposed investment
03
Analyze the socioeconomic impact of the project on the target population
04
Assess the cost and benefits of the project over a specified period of time
05
Present findings and recommendations in a comprehensive report

Who needs socio-economic feasibility study for?

01
Government agencies planning infrastructure development projects
02
Private businesses looking to expand their operations
03
Non-profit organizations seeking funding for social initiatives
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A socio-economic feasibility study is conducted to assess the potential economic and social impacts of a proposed project or initiative, ensuring it aligns with community goals and sustainability.
Typically, project developers, businesses seeking funding, and organizations proposing new initiatives that may affect the community or economy are required to file a socio-economic feasibility study.
To fill out a socio-economic feasibility study, one should gather relevant data on the project, analyze economic impacts, consider social implications, consult stakeholders, and present findings in a structured format.
The purpose of a socio-economic feasibility study is to evaluate whether a project is viable and beneficial from both an economic and social perspective, ensuring responsible resource allocation and community engagement.
The report must include project description, economic impact analysis, social impact assessment, stakeholder consultations, risk analysis, and recommendations for implementation.
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