Highway Engineering Economics Highway Engineering EconomicsS

Solution

Assuming the question is: Explain Highway Engineering Economics

Answer:

Highway Engineering Economics takes into account the location, designing, construction and maintenance of an efficient highway system.

The construction and maintenance of highway can be justified only when it is beneficial using cost-benefit analysis.

Costs associated: Designing, Outlays, input costs, cost of construction, cost of borrowing money, time taken and discounting

Benefits associated: Toll collected, benefit to highway users

Only when the discounted benefits>discounted costs, it is economic feasible.