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Appraisal, Evaluation and Economic Feasibility

Economic appraisal and feasibility studies are an important tool in evaluating projects which are competing for limited funds, be it public or private or a combination of both. Economikr’s specialty in appraisal and evaluation projects covers a wide range of transport-related issues, and includes public transit project, rail, road capacity, road widening and road construction projects. Our in-depth knowledge of theoretical and practical developments in appraisal and evaluation enables us to transfer best practice across different policy domains.

Manual on Transport Economics Project Appraisal

This manual was written for the Ministry of Transport and Ministry of Finance in Israel. It included evaluating economic and financial costs through the various components of a project, and evaluating annual maintenance costs and unexpected costs through different design phases.

Economic Feasibility Study of the Bus Rapid Transit (BRT) lines in Netanya in Israel

This project is one of the first BRT projects in Israel, and as such entailed the development of new models for estimating modal split with BRT, vehicle operating costs for BRT, transfer penalties from different transport modes, and other BRT-related issues.

Economic Feasibility Study to Widen the Ayalon Freeway in Israel

This project was based on one of the most heavily congested highways in Israel, with approximately 600,000 vehicles per day. The study included analysis of traffic counts, micro-simulation of several alternatives, and a full economic feasibility study, using economic indices.

Economic Feasibility Study of Road #41 in Israel

Road #41 is a major road in the country leading from the Port of Ashdod to the Cross-Israel Highway, a major road artery in Israel. The study included modelling and timing of th various parts of the projects, varying road configuration alternatives, analysis of traffic assignments for several target years, micro-simulation of several alternatives, and a full economic feasibility study, using economic indices.

Economic Feasibility Study of Three Main Roads in Liberia

Performed for the World Bank, this study focused on three major roads in the country, both paved and unpaved. The study included the calibration and usage of HDM-4 and RED World Bank models.

Economic Feasibility Study of the Givat Shmuel Interchange in Israel

This interchange is one of the most congested highways (Highway #4) in the country, with approximately 300,000 AADT. The study included analysis of traffic counts, micro-simulation of several alternatives, and a full economic feasibility study, using economic indices.

Economic Feasibility Study of Road #654 in Israel

This rural area project in Israel included the estimation of the road’s economic impacts on freight flows, agricultural land uses, safety impacts, and the benefit cost analysis of the road and its effects on the overall road network.

Economic Feasibility Study of the Tara Interchange in Israel

This interchange is situated on one of the most heavily congested highways in Israel, the Ayalon Freeway (approximately 600,000 AADT). The study included the estimation of economic impacts, origin-destination pairs, benefit cost analysis, and multi-modal analysis. 

Economic Feasibility Study – Cross-Israel Highway

This project was based on the country’s the first toll road and is still considered to be 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 – 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 (both HDM-III and HDM-4) and RED 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. 

Economic Feasibility Study of the CA-02W Road in Honduras

This project included the economic analysis of Central American Highway, in its western section in Honduras. Economic analysis was performed using the HDM World Bank model, and included several road engineering alternatives.

Economic Evaluation of Road Sections in Haifa, Israel

This project focused on the study of road/rail crossings in the Haifa Port, together with several specific construction and maintenance alternatives. The project including an engineering/economic evaluation using economic indices.

Economic Feasibility within Pavement Management Systems

Economikr's Pavement Management Systems (PMS) all include economic feasibility evaluation of several (ranging between 6 and 150) economic/engineering alternatives, for all the road projects in the relevant road network (ranging from 300 to 11,000 road projects). These alternatives are differentiated by the type of treatment applied (asphalt overlay, whitetopping, slurry seal, double surface treatment, road upgrading are examples), timing, and additional factors. The evaluation of economic alternatives serve as a prior step to economic optimization under various kinds of constraints.


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