Feasibility study report 可行性研究报告

1 Abstract1 摘要
History, opportunity and stakes of he project项目的历史,机遇和挑战
Togo Telecom is a state company which has the monopoly of line telephony in Togo, with 67,000 subscribers in 2006. The company’s supply of telephone lines has been beyond the objectives and it was not able to meet the 35,000 pending demand by December 31st, 2005.多哥电信在多哥是一家拥有有线电话制造专利的国有公司.2006年它拥有67,000个订购者.到了2005年12月31日,公司提供的电话线已超过原定目标,但仍然有35,000个待定的需求未能满足.
With regard to this statement and in order to meet the pending demand within a reasonable deadline while maximizing existing facilities, TOGO Telecom has begun a large investment program aiming at leveling the basic facilities.关于上述说明,为了在一个合理的期限内,最大化已有设备的情况下满足这些待定的需求,多哥电信已经开始了一项大规模的投资计划,旨在评价基本设备.This investment program includes the introduction of CDMA technology.这项投资计划还包括对CDMA技术的介绍.
This is how Togo Telecom has chosen the CDMA wireless technology in 2006 with a 40 BTS system all over the country, supplying the districts of Lomé, Agbodrafo, Aného, Tabligbo, Hahotoé, Tsévié, Notsé, Anié, Blitta, Sotouboua, Sokodé, Kara, Pya, Dapaong这就是2006年多哥电信怎样选择带有40个分布在全国的BTS系统的CDMA无线技术,以供应Lomé, Agbodrafo, Aného, Tabligbo, Hahotoé, Tsévié, Notsé, Anié, Blitta, Sotouboua, Sokodé, Kara, Pya, Dapaong
and Cinkassé.及Cinkassé地区.
The operation of such CDMA technology over less than one semester has registered 13 870 new clients and generated a proper turnover of approximately one billion XOF for 2006.这项CDMA技术在少于一个学期的时间里已经有13,870个用户注册,并在2006年产生了大约10亿XOF的固有营业额.
The consideration to strengthen the existing presence, together with the extension of the CDMA system to the rest of the country by Togo telecom is based on such encouraging results.多哥电信关于加强已存在的现实,连同将CDMA系统扩展到多哥其它地区的考虑就是基于上述令人鼓舞的结果上的 The company will increase the possibilities of connection..公司将增加此项联系的可能性
Project missions项目任务
The project basically aims at:该项目的根本目的在于:
?? Mitigating the lack of lining telephone facilities, by rapidly spreading a lining telephone system without any of the regular traditional civil engineering works and ending at increasing teledensity,??通过快速铺设没有任何正规惯例工程有线电话系统来减轻有线电话设备缺少造成的影响,结果使得电话密度越来越大
?? Meeting the increasing demand for lining telephone,?? 满足对于有线电话的不断增长的需求,
?? Supplying the national territory, suburban and rural areas with low cost telephone services.?? 提供给全国所有区域,郊区以及农村地区低价的电话服务

华译网北京翻译公司翻译过大量有关可行性研究报告的文件资料,Beijing Chinese Translation Service Company has translated many technical documents about Feasibility study report
Activities活动
The services are composed of the voice (telephone system) and internet.这些服务是由语音服务(电话系统)和因特网服务组成的.
Objectives for the first 3 years第一个三年目标
The equipment of CDMA technical facilities will take nine (9) months for a global cost of XOF 15 billion, that is USD 30 million.CDMA技术设备的配置需要花费九(9)个月时间,150亿XOF,即3亿USD. Such investment will make it possible to meet the demand of 180 000 new clients for the first three (3) operating years.这些投资使得在前三个工作年中满足180,000个新客户的需求成为可能.

Level of funds required必需的资金水平
The level of funds required off operating cost is about XOF 15.5 billion XOF (USD31 million) to finance entirely over loan.操作经费必需的资金水平大约为155亿XOF(3.1亿USD),完全通过贷款来提供经费.
Major risks of the project项目的主要风险
The major risks of the project are the followings :该项目的主要风险如下:
?? Risks of technical damage on the system which can be suppressed by a program of maintenance and the setting of particular protocols in case of breakdown, under the form of proceedings.?? 系统技术破坏的风险,在运行状态下可以通过维护计划和防止系统崩溃的特殊协议的设置来抑制
?? Increase in the investment costs and operating costs.?? 投资费用和操作费用的增加. The sensibility study shows that the project would stand within the limitations of the economic return if the paid out charges increase of 5 billion XOF each year.敏感性研究表明在经济利润的限制下,每年付出50亿XOF的费用,项目仍然可以维持. Such working margin seems enough to stay within the boundaries of the project economic return..经营利润似乎足够维持在项目经济利润的范围之内
?? Risks of exchange because the loan is drawn in US Dollars while the receipts of Togo Telecom are in XOF.?? 交易的风险,贷款是以美元的形式引进的,而多哥电信签署的收条却是按照XOF的形式.
Key factors of success成功的关键因素
They are :它们是 :
?? Staying within the working margin as set up by the financial analysis,??维持在财政分析提出的经营利润中,
?? Obtaining funds at the good periods and conditions,?? 在恰当的时间和条件下获得资金,
?? Meeting the estimates,?? 满足估计,
?? Adopting an adequate managing policy characterised by an approach which is similar to that of the private sector.?? 采用一种适当的管理方针,它表现为一种类似于私营部门所采用的方法.
Profitability and capacity to refund the loan收益率及生产量得以偿还贷款
On the basis of the assumptions set up:假定建立的基础:
?? The company is still profitable during the 10 years to come with a minimum rate of 9% of the turnover.?? 公司在未来10年内仍将营利,最小营业率为营业额的9%.
?? Togo Telecom has got a work margin of indebtedness and could ask for additional loans without impacting on its financial balance.?? 多哥电信有一个债务的经营利润,它可以要求额外的贷款而不影响它的财政平衡. As a matter of fact, the company has an exceptional capacity for repayment with its generated cash flows which allow a very rapid refunding on at least 2 years of the total debt against a standard of 4 years.事实上,公司有例外的生成能力使得产生的现金流在最少两年的时间里还清贷款,而不是标准规定的4年.
The conclusion is that the project is feasible and may be entirely financed through loans according to conditions set up during the study.结论是该项目是可行的,并且可能完全由研究中设置的条件下的贷款来提供经费.