• YASH TAHILIANI
• PINAKIN PATEL
• DR. L. B. ZALA

In India, being a developing country, road transport plays an exceptional role in economic development by moving people and goods from one place to another at an affordable cost and within reasonable time. The construction of roads leads to various advantages due to which all other sectors of the economy get benefits. Transportation projects are planned & designed to meet the demands placed on the system; but, not all projects are properly funded. Economic Evaluation of highway, also known as highway project appraisal or assessment is a technique in which the costs and benefits from a scheme are quantified over a selected time horizon and analyzed by a common point of reference. Construction of road requires good amount of finance and funding of roads should be properly planned so as to generate considerable returns from road projects. Economic Analysis helps in determining the benefits/returns from a particular highway project so that investments can be planned accordingly. The present study is aimed to throw light on various aspects of Economic analysis of Highway Projects. Also a brief overview and importance of HDM-4 software in Economic Analysis has been explained.

HDM-4, Economic Analysis, Sensitivity Analysis, Net Present Value (NPV), Benefit/cost (B/c) ratio, Internal rate of return (IRR)

"A REVIEW ON ECONOMIC EVALUATION OF HIGHWAY PROJECTS USING HDM-4", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 4, page no.332-336, April-2019, Available :http://www.jetir.org/papers/JETIR1904P52.pdf

"A REVIEW ON ECONOMIC EVALUATION OF HIGHWAY PROJECTS USING HDM-4", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 4, page no. pp332-336, April-2019, Available at : http://www.jetir.org/papers/JETIR1904P52.pdf