Post Implementation Evaluation of Lahore - Sheikhupura - Faisalabad Dual Carriageway - A Built Operate Transfer (BOT) Project
International Journal of Transportation Engineering and Technology
Volume 4, Issue 3, September 2018, Pages: 59-64
Received: Jan. 4, 2019;
Published: Jan. 5, 2019
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Anwaar Ahmed, National Institute of Transportation, National University of Sciences and Technology, Risalpur, Pakistan
Sandeerah Choudhary, Civil Engineering Department, Commission on Science and Technology for Sustainable Development in the South (COMSATS) University, Wah Campus, Wah Cantonment, Pakistan
Muhammad Irfan, National Institute of Transportation, National University of Sciences and Technology, Risalpur, Pakistan
The transportation systems generally constitute the largest public-sector investment by any society. Despite of funding limitations, highway agencies continue striving to develop road network to meet needs of the society. In order to ensure optimal utilization of public money, there is a dire need of best project evaluation practices and monitoring of the expected impacts of highway investment decisions. Present study focused on post implementation evaluation of Lahore-Sheikhupura-Faisalabad Dual Carriageway, a 4-lane divided highway 115 Kilometer long that was constructed in 2006 through Build-Operate-Transfer (BOT) financing with a concession period of 22 years. For post-implementation evaluation five performance criteria were considered: safety, vehicle operating cost, fuel cost, lifecycle agency maintenance and operations cost, and lifecycle toll collection. Post-implementation evaluation was carried out using highway maintenance and rehabilitation strategies proposed by facility operator (concessioner). Present worth (2007 constant US$) of travel time, safety and fuel saving was found to be $US 429.290, -1.790, 65.080 Million respectively. Using facility operator’s maintenance and rehabilitation strategy total maintenance and operations cost was found to be $US 234.442 Million (2007 constant US$). Also, present worth of toll collection was estimated as $US 131.410 Million (2007 constant US$). Positive net present value revealed that project is economically viable for society. Also, methodology used in present study can be used by highway agencies for carrying out post-construction evaluation of their projects.
Post Implementation Evaluation of Lahore - Sheikhupura - Faisalabad Dual Carriageway - A Built Operate Transfer (BOT) Project, International Journal of Transportation Engineering and Technology.
Vol. 4, No. 3,
2018, pp. 59-64.
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