What are established costs?

The term "Establishment Costs" refers to the comprehensive financial expenses incurred during the process of initiating and maintaining a particular infrastructure project. These costs encompass various stages, starting from the initial stages of planning and design.

The planning and design phase is crucial as it lays the foundation for the entire project. It involves detailed studies, surveys, and consultations to ensure the infrastructure meets the required standards and is feasible within the allocated budget.

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Financing is another significant aspect of Establishment Costs. It covers the capital required to fund the project, including loans, grants, and private investments. Securing funding is often a challenging task, requiring thorough financial planning and negotiations with potential financiers.

Land acquisition is another vital component of Establishment Costs. It involves the purchase or lease of land for the construction of the infrastructure. The cost of land can vary significantly depending on location, size, and other factors.