Description

Smart Continent uses the following methodological approach for analytical studies: analysing if there are no physical, social or institutional binding constraints; exploring the demand for services in the future will be adequate (long-run forecasts); estimating if appropriate technology is available; analysing if the utilization rate of the infrastructure or the plant will not reveal excessive spare capacity; availability of personnel skills and management; project design (scale, location, etc.) justification against alternative scenarios (‘business as usual’, ‘do-minimum’, ‘do-something’ and ‘do-something else’).

The financial part of the feasibility study includes total investment costs, total operating costs and revenues; financial return on the investment costs (Financial Net Present Value and Financial Rate of Return of the Investment); sources of finance (Equity, Loans, National grants, EU grants);  financial sustainability (a project is financially sustainable when it does not incur the risk of running out of cash in the future; sustainability occurs if the net flow of cumulated generated cash flow is positive for all the years considered; financial return on capital.

Economic analysis for feasibility studies includes conversion of observed prices or public tariffs into shadow prices; taking into account externalities in a monetary value; estimation of indirect effects if relevant (i.e. not already captured by shadow prices); discount of costs and benefits with a real social discount rate; calculation of economic performance indicators (economic net present value (ENPV), economical rate of return (ERR) and the benefit-cost (B/C) ratio.

For project risk assessment, we use sensitivity analysis (identification of critical variables, elimination of deterministically dependent variables, elasticity analysis, choice of critical – variables, scenario analysis); assumption of a probability distribution for each critical variable; calculation of the distribution of the performance indicators (typically FNPV and ENPV); discussion of results and acceptable levels of risk; discussion of ways to mitigate risks.

Institute provides analytical studies on project impact assessment, such as Environmental Impact Assessment (EIA) and Strategic Environment Assessment (SEA). EIA is a formal process used to predict the environmental consequences (positive or negative) of a plan, policy, program, or project before the implementation decision; it proposes measures to adjust impacts to acceptable levels or investigate new technological solutions. Although it can lead to difficult economic decisions and strong political and social commitments, it protects the environment, which is the basis for effective and sustainable development.

Smart Continent’s projects by year and client

2010 Concept for effective use of passenger transport in Lithuania. Ministry of Transport and Communication of the Republic of Lithuania

2011 Feasibility study for implementation of railway infrastructure diagnostics systems. Lithuanian Railways

2011 Feasibility study for Kaunas public logistics centre. Lithuanian Railways

2011 Feasibility Study for Klaipeda Public Logistics centre. Klaipeda State Sea Port Authority

2011 Study on the TEN-E and TEN-T review analysis and the recommendations for Lithuanian position formation. Ministry of Foreign Affairs of the Republic of Lithuania

2012 Complex feasibility study for electric vehicle development. Ministry of Transport and Communication, Ministry of Economy and Ministry of Energy of Republic of Lithuania

2012 Feasibility study for Klaipeda Sea outer-port and environment impact assessment. Klaipeda State Sea Port Authority

2012 Study on Panevezys city public transport infrastructure development in a period of 2014-2020. Panevezys City Municipality Administration

2013 Feasibility study for competitive environment and the development of railway routes. Lithuanian Railways

2013 Feasibility study for Panevezys municipal renewable energy use, development and protection of environment. Panevezys City Municipality Administration

2013 Feasibility study on Lithuanian civil airfield infrastructure modernization. Ministry of Transport and Communication of the Republic of Lithuania

2014 Feasibility study for implementation of conditions of Anex IV of MARPOL convention. Klaipeda State Sea Port Authority

2014 Feasibility study for Jurbarkas lighting system renovation. Jurbarkas District Municipality Administration

2014 Feasibility study on Klaipeda state sea port environment protection. Klaipeda State Sea Port Authority

2014 Feasibility study on Preparation of Birzai airfield to the tourism and business. Birzai District Municipality Administration

2014 Study on further development of public logistics centres in Lithuania. Lithuanian Railways

2014 Study on Identification of environmentally harmful subsidies in the Lithuanian tax system. Preparation methodology for environmentally harmful subsidies detection. Lithuanian State Government Chancellery

2015 Feasibility study for electronic road fees collection system. Lithuanian Road Administration

2015 Feasibility study on lighting of Silute streets and public spaces. Silute District Municipality

2015 Feasibility study on railway, roads and pedestrians’ safety in Kretinga. Kretinga district municipality

2016 Analysis of feasibility and alternatives to implement Directive 2015/2013 in Lithuania and analysis of potential impact. Ministry of Energy of the Republic of Lithuania

2016 Comprehensive Study on passenger transport by coach in Europe. European Commission / Steer Davies Gleave

2016 Feasibility study for Lithuanian railways business development in Poland. Lithuanian Railways

2016 Feasibility study on renewable energy sources use in Trakai centralised heating system. Trakai District Municipality Administration

2016 Study on the cost and contribution of the rail sector. European Commission / Steer Davies Gleave

2017 Study of options for the security of European high-speed and International rail services. European Commission / Steer Davies Gleave

2018 Feasibility study on alternative funding of road development and maintenance programme. Lithuanian Road Administration

2018 Feasibility study on increasing the efficiency of operations in Panevezys. Bus Company Panevezio autobusų parkas (Panevezys Bus Company)

2018 Refreshment of Feasibility study for the development of Klaipeda port during the construction of an external port. Klaipeda State Sea Port Authority

2018 Study on shift of freight traffic from road to rail to optimize the operation of the TEN-T Corridor North Sea-Baltic Sea Kaunas. District Municipality Administration

2019 Alytus FEZ (Free Economic Zone) feasibility study. Alytus city administration

2019 Analysis of the internet usage in Lithuanian schools. Centre of Information Technologies in Education under the Ministry of Education and Science of the Republic of Lithuania

2019 Feasibility Study for Kaisiadorys-Klaipeda Electrification and Design of Application for Large-Scale Project EU Funding. Lithuanian Railways

2019 Identification of feasibilities to develop use of renewable energy sources in transport sector. Ministry of Energy of the Republic of Lithuania

2019 Study of legal acts regulating the protection of cultural heritage and provision of services and the functions of institutions involved in the field of protection of cultural heritage. Ministry of Culture of the Republic of Lithuania

2020 Analysis and consulting services for organisation of regional public transport system. Ministry of Interior of Republic of Lithuania

2020 Analysis and Evaluation of Legislative Models of the Member States of the European Union, Regulating the Requirements for the Installation and Operation of Energy Facilities. Analysis and Proposals for the Reconstruction of the Lithuanian Legal Framework Regulating the Requirements for the Installation and Operation of Energy Facilities. Ministry of Energy of the Republic of Lithuania

2020 Analysis of the existing waste management system as part of national plan for waste prevention and management for 2021–2027. Ministry of Environment of the Republic of Lithuania

2020 Determination of the need for investment aid for the development of wind power plants in the part of the Lithuanian territorial sea and (or) the exclusive economic zone of Lithuania in the Baltic Sea and assessment of the impact of the development of these power plants on the national economy. Ministry of Energy of the Republic of Lithuania

2020 Feasibility study for Vilnius city public transport renewal. Susisiekimo paslaugos, Vilnius transport agency

2020 Feasibility study on Development of digital innovations in energy sector. Ministry of Energy of the Republic of Lithuania

2020 Study on Assessment of the Impact of Lithuanian Taxes on the Consumption of Energy and Energy Resources. Ministry of Energy of the Republic of Lithuania

2021 Analysis of the need and alternatives for a national repository of museum values. Ministry of Culture of the Republic of Lithuania

2021 Assessment of the principles of regulation of prosumers of electricity and determination distribution network fees. Ministry of Energy of the Republic of Lithuania

2021 Greenhouse gas emission reduction (GHG) reduction efficiency assessment and forecasting modelling services. Ministry of Transport and Communication of the Republic of Lithuania

2021 Study of possibilities of implementation of pedagogical internship model in Lithuania. National Education Agency under the Ministry of Education, Science and Sport of Republic of Lithuania

2021 Study on the social dimension of the future EU transport system MOVE/B5/2020-195. European Commission / Steer Davies Gleave

2022 Conducting a study on entities operating in the Lithuanian market that could potentially participate in the public procurements of electrical network design, installation, scheduled and emergency works carried out by energy operator and perform contracting works. Energy supply operator „Energijos skirstymo operatorius“

2022 Feasibility study of renewal of public transport routes in Siauliai city. Public transport operator UAB „Busturas“

2022 Research of the possibilities and role of higher education institutions implementing teacher training programs in ensuring the quality of teacher qualification improvement. National Education Agency under the Ministry of Education, Science and Sport of Republic of Lithuania

2022 Secondary data analysis of the TIMSS survey: changes in attitudes and expectations of students, their parents and teachers and their relationship with student achievement. National Education Agency under the Ministry of Education, Science and Sport of Republic of Lithuania

2022 Study on Activity model of the state archives system. Authority of National Archives of the Republic of Lithuania

2022 Study on assessment of suitability of electricity distribution network and regulatory environment and preparation for energy transformation. Energy supply operator „Energijos skirstymo operatorius“

2023 Assessment of the impact of the ban on breeding fur-bearing animals in Lithuania. Ministry of Agriculture of the Republic of Lithuania

2023 Preparation of a national study on the integration of the assessment of ecosystems and the services they provide into decision-making processes in the public administration and economic sectors in Lithuania. Ministry of Environment of the Republic of Lithuania

2023 Study on improving environment of public and private partnership. Central Project Management Agency under the Ministry of Finance of the Republic of Lithuania

2023 Study on improving the sustainability of the application of the public and private partnership method. Central Project Management Agency under the Ministry of Finance of the Republic of Lithuania

2023 Study on the preparation of incentives for business to invest in R&D. Ministry of Economic and Innovation of the Republic of Lithuania