Economic Evaluation of Different Proposal of Highway Project: - A Case Study of Naroda Railway Crossing

Abstract

In the absence of insufficient, fast and reliable public transport system more and more people are shifting to
personal vehicles in most of the cities, which results in massive growth of automobile population around the world. Due to
fast growing private vehicular traffic and poor public transportation most of city corridors become congested. At that time we
think about for LRT system, Metro trains, and BRTS system to divert this personalized traffic volume. For fast and safe
movement of traffic fly over and over bridge is essential at Road-Road and Rail-Road intersection. Transportation is tool to
transport goods and people from one place to another. An investment in highways of other facilities generates benefits in the
form of lowering the transportation costs for movements. It also enhances the level of GDP through mobilization of
unemployed factors of production. This helps for economic growth and development. Reduction in transportation costs can
be realized in numerous ways, such as reduction in travel time, Decrease in VOC, increased safety and reduction in the level
of air and noise pollution. But in the final analysis all benefits of road, and therefore the justification for constructing it, flow
from using it for transportation. So it can be said that all the road investments should be “Need-Based” and be made only
when they lower the transportation cost. It is enough to warrant their investment costs i.e. including the present value of
future maintained. This analogy has to be viewed with future impact study of a proposed transportation projects. Now a day,
the issue of identification, forecasting and measuring the impact due to implementation of many transportation projects is the
central issue of concern in transportation planning. The big projects influence the neighbouring environment. It is not only
important but essential to understand development impact of the proposed road project and to evaluate an appropriate
strategy for implementation of its financial availability, economic evaluation is requiring. The scope of the present study
consist of evaluating the impact on traffic, initial social and Environment screening and checking and financial viability of
the project. For the case study construction of ROB at intersection of Nana Chiloda-Naroda Road with “Ahmedabad Udaipur
M.G. line at Narodas Crossing L.C.No.9” is selected. There is a fixed delay for 2 hr. and 01minute duration in 24hr. due to
gate closing. For the dispersion of the traffic, waiting in queue cause operational delay. The project has benefits like fuel
saving, travel time saving. The project is evaluated by using very economic evaluation methods for viability of the project.