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Appraisal, Evaluation and Economic Feasibility

Appraisal, Evaluation and Economic Feasibility

The majority of Economikr projects are dependent on limited funding sources, such as government budgets, and how they are implemented to meet specific needs. A majority of the projects, both public and private, are dependent on a stringent, tailored economic evaluation process, and are exposed to multiple decision factors (e.g., timetable, budgetary, institutional, and political). We balance these decision factors to ensure a smooth and seamless economic evaluation process. This evaluation process also includes data collection, both manual and computerized, and quality control of the data to insure its applicability to the above-mentioned process.


Economikr’s specialty in appraisal and evaluation projects covers a wide range of topics and geographic locations, and therefore, can apply the experience gained from different fields (transport, energy, and environment) and regions (USA, Latin America, Europe, Africa, and the Middle East). Our in-depth knowledge of theoretical and practical developments in appraisal and evaluation enables us to transfer best practice across different policy domains.

Sample Projects

Economic Feasibility Study – Cross-Israel Highway

This project was based on the country’s the first toll road and is the largest road infrastructure project in Israel. The project included analysis of origin-destination surveys, willingness-to-pay surveys, traffic assignments, modal split, and calculation of economic parameters for various road construction and road configuration alternatives, with and without implementation of a toll mechanism.

Economic Feasibility Study – Power Plant in Mishor Rotem, Israel

In this project, economic feasibility was evaluated for several types of sales models (sales to end-consumers, operation as a separate entity under the Israel Electric Corporation, or a combination of both). The study included a long-range electricity price forecast, risk analyses and other determining factors, based on the usage of two types of fuel for electricity production – natural gas and fuel oil. This project was performed for OPC (Ofer Power Company) under the auspices of Economic Models Ltd., Israel's foremost economic consulting and macroeconomic research firm.

Economic Feasibility Study – Rural Roads Network, Uganda

Under the auspices of the World Bank, this project’s major objective was the creation of the TYDRIP (Ten Year District Road Investment Plan). This was achieved by creating a detailed Road Management System (RMS). The RMS included economic feasibility calculations (6 alternatives for each road project), economic optimization under budget and institutional constraints, expansion analysis using statistical methodology, calibrating HDM (Highway Design and Maintenance) and RED (Road Economic Development) World Bank models to local conditions. It further included analysis of motorized and non-motorized traffic, creation of a GIS system based on collected GPS data, interfacing with data from other software systems, economic potential evaluation, and creation of poverty indices which were subsequently use in a ranking procedure. 

Pavement Management Systems in Several Countries

These Pavement Management Systems (PMS) were developed in nine different countries, where each system included an economic feasibility study for the entire road network, which was split up into road projects of varying length. Each road project had up to 75 engineering alternatives, and each alternative was evaluated using a full economic feasibility study. These PMS projects were conducted in Guatemala, El Salvador, Panama, the Dominican Republic, Ecuador, Uganda, Nigeria, Romania, and Israel.


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