This is one of the most critical steps before implementing a parking project. At this stage, the project’s viability is analyzed from technical, economic, legal, environmental, and operational perspectives. Technically, the potential site’s geological structure, topographical features, and existing infrastructure connections (electricity, water, sewerage, fiber optics) are examined, and simulations for potential capacity and vehicular circulation are performed. Economic feasibility provides a detailed cost-benefit analysis through metrics such as investment costs (land acquisition, construction, technology integration), operating expenses, potential revenue streams (parking fees, ancillary services), and Return on Investment (ROI). This in-depth analysis plays a key role in determining the project’s financial sustainability and risk factors.
Furthermore, within the scope of feasibility studies, market research is conducted to evaluate parking demand in the area, competitive analysis, and demographic data. Legal and regulatory compliance, zoning plans, licensing requirements, and Environmental Impact Assessments (EIA) are also an indispensable part of this stage. This holistic approach aims to pre-identify potential obstacles, minimize risks, and establish the most suitable project strategy. The data obtained provides investors with a clear roadmap on whether to proceed with the project, and at what scale and with what features it should be developed.