A Techno Economic Feasibility Study enables the authorities to make an investment decision regarding the project. The study is carried out by identification of potential benefits expected to accrue to the community and comparison with the estimated construction cost, operation and maintenance cost of the project. It covers: •Economic Evaluation: Economic viability is assessed within the broad frame work of the cost-benefit analysis technique. It involves comparison of cost and benefit streams over a fixed analysis period. Economic analysis is carried out using HDM IV Model (Highways Development & Management). •Financial Analysis: The estimated construction cost, operation and maintenance cost, traffic forecast, toll revenue are considered over a concession period of 15/ 20 years and likely rate of return is estimated.
