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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.

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 – 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. 

Economic Feasibility within Pavement Management Systems

Economikr's Pavement Management Systems (PMS) all include economic feasibility evaluation of several (ranging between 6 and 75) economic/engineering alternatives, for all the road projects in the relevant road network (ranging from 300 to 1,000 road projects). These alternatives are differentiated by the type of treatment applied (asphalt overlay, 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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