Feasibility Study of Samruddhi Expressway


EOI: 10.11242/viva-tech.01.04.103

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Citation

Mr. Patel Mayur , Mr. Vishal Urade, Mr. Prashant Gondhane, Mr. Ashish Shetty, "Feasibility Study of Samruddhi Expressway", VIVA-IJRI Volume 1, Issue 4, Article 103, pp. 1-6, 2021. Published by Computer Engineering Department, VIVA Institute of Technology, Virar, India.

Abstract

An analysis and evaluation of a proposed project to determine if it is technically feasible, is feasible within the estimated cost, and will be profitable. Feasibility studies are almost always conducted where large sums are at stake. This paper is an effort in the similar direction, to study Samruddhi Expressway whether the project is feasible or not. India has one of the largest road networks in the world, consisting national highways, state highways, major district roads, other district roads and village roads. Roads are the key to the development of an economy. A good road network constitutes the basic infrastructure that accelerates the development process through connectivity. The Government of India has planned 10 world class express highways in order to boost the road infrastructure for faster connectivity between different cities. Simultaneously Government of Maharashtra has planned Samruddhi Expressway (Nagpur Mumbai Expressway) (NMEW) which intends to divert and redistribute the heavy traffic on existing corridors.Feasibility studies in the construction industry can be simply defined as the evaluation of the viability of a development project. It is used as a tool for analyzing if a proposed task can operate under a given set of assumptions, such as the technology used and the monetary aspects of the construction work. Feasibility studies focus on providing information to help investors decide whether to proceed or redesign a proposed development project or idea. They are mainly used in business ventures relating to the construction industry.

Keywords

Feasibility, Construction Industry, Samruddhi Expressway

References

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