Economic Feasibility Analysis of Highway Project using Highway Development and Management (HDM-4) Model

Abstract

A well-developed transportation system plays vital role in economic development of the country. The huge increase in vehicular population creates traffic congestions on city roads. Thus, to reduce traffic bottleneck, creation of new road infrastructure as well as improvement of existing one has long term economic and social benefits. The economic benefits are calibrated on the basis of Economic Internal Rate of Returns (EIRR). The Mumbai and Pune are the major cities of Maharashtra state, due to economic and industrial development in those cities faces frequent and heavy traffic jam on highway connecting to both cities. The scope of present study consists of evaluating the impact on traffic and checking economic viability of the project. Strengthening and widening for six lanes flexible pavement which named as, Mumbai Pune section of NH-4. The HDM-4 is software used for checking the engineering and economic viability of the investment in this road project. It was observed that results obtained with improvement alternatives are economic viable.

A Critical Review of the Proposed Hyperloop (Ultra-High-Speed Rail) Project between Mumbai and Pune and Its Broader Implications for Sustainable Mobility in Indian Cities

“…The proposed corridor for India's hyperloop lies between the two critical and rapidly growing metropolitan areas of Mumbai and Pune. Both these cities, lying at the heart of their respective metropolitan regions, are in the western part of Maharashtra State and are strong in economic and industrial development [17]. These cities' per capita incomes are amongst the highest in India [18].…”

“…Benefits of the city of Pune, such as higher quality of life, less pollution and lower rent, attract numerous people to live in the city but work in Mumbai [21]. The whole region has a tropical climate [22] with temperatures ranging from around 21 • C to 36 • C [17].…”

“…Two intercity routes connect Mumbai to Pune through road travel. These are the "Mumbai to Pune Highway (NH48)" and the already-mentioned "MPE" [17]. MPE was constructed long after the NH48 to relieve it from the growing number of vehicles and congestion, which caused delays and accidents [17,19].…”

“…These are the "Mumbai to Pune Highway (NH48)" and the already-mentioned "MPE" [17]. MPE was constructed long after the NH48 to relieve it from the growing number of vehicles and congestion, which caused delays and accidents [17,19]. However, the increasing growth of cars on the MPE has led to similar issues as on the NH-48 [50], such as increased congestion, travel time, road accidents, air pollution and consequent health issues.…”

Comparative Analysis on Road Users’ Cost Using HDM-4 Software and Manual Technique: A Case of Addis Ababa-Adama Expressway

“…HDM-4 is used by a wider range of users (e.g., governments, consultants, and agencies) in both developed and developing countries. The software performs the following analysis based on engineering and economic aspects of the given project or program and the analysis can be addressed in three ways project analysis, program analysis, and strategy analysis [9] .…”