Feasibility is the viability and practicality of a project. LEMCO approaches all projects with the objective of creating self-sustaining economies in the regions and countries we enter. Feasibility is established through studies of the industries and human capital best equipped to take advantage of the natural resources of an area.
Community infrastructure issues will be addressed throughout the LEMCO feasibility study process. Importantly, infrastructure must be implemented to support and grow an area. This process is vital in establishing what will be developed and is built on studies of the environmental impact.
There are three major considerations for a LEMCO feasibility study, services such as communication, energy systems and transport, followed by two additional considerations, food security and health. Without all of these things development cannot occur.
- This involves the additions of communication towers to ensure adequate communication is available throughout the development area. Along with mobile communication, internet capabilities are also essential to conduct business practices.
- Therefore, it must be possible for communication towers to be installed in an area. LEMCO considers all implications for installing these towers, or more technologically advanced communication capabilities, such as wireless mesh networks.
- Energy Systems
- Energy provisions must be available or installed in the region.
- These must be sustainable energy systems; hence, the feasibility of system implementation must be considered, as well as the ability of the development area to accommodate the system’s introduction into the local infrastructure.
- The transportation of goods and services are considered, for both distribution purposes and also to support the general living needs of indigenous populations in the region.
- Transport feasibility considerations include road building and logistical considerations such as ferry services between islands.
- Food Security
- A food security plan will be well thought out to meet the needs of indigenous communities working within the sustainable development programs.
- This will involve livestock and crop management systems.
- For example, establishing a garden with crops for workers.
- Hospitals and Medical Centres must be established or able to be erected quickly to ensure the development of the area.
Future planning always plays a role in the feasibility study process for LEMCO. This ensures that there is a creation of education opportunities within regions. Additionally, there must be training and formal qualification prospects for indigenous people.