Yamuna Expressway Project Analysis

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Table of Contents

Table of Contents        

An Introduction        

Project details        

Major Events that affected project        

Project Stakeholders        

Highlights of the project        

Risk analysis        

Financial Analysis of the Project        

Economic Analysis        

Conclusion and Recommendations        

References        

Externalities in Infrastructure projects: A Choice or a Necessity

An Introduction

In many of our daily situations we feel that something, someone or the other has affected our happening of things though we didn’t intend them to affect. In economic terms these are called as Externalities. In economics, an externality is the cost or benefit that affects a party who did not choose to incur that cost or benefit [1]. Two British economists are credited on their name for carrying formal work on this concept. Though it has gained importance in automobile and other agents/actors which jeopardize ecological system it also got notified in finance literature mostly Project finance projects.

        In order to validate and verify the basic premise of this work, a study on the roadways project undertook by Uttar Pradesh (UP) state government has been considered called ‘Yamuna Expressway’ (referred to as YE herein after). YE is a 6-lane (can be extendable to 8-lane), 165 km long, controlled-access expressway connecting Greater Noida and Agra in the Indian state of UP. It is the longest 6-lane expressway stretch of the nation conceived by the Government of UP in 2001, in a move to open up tourism and avenues for Industrial and Urban development of the region. The main objective was to improve the connectivity of the National Capital Region (NCR), to improve tourist attraction of one of India’s most precious monument, the Taj Mahal at Agra.

Following are the objectives of the project YE

• Safer and shorter-time travel from National Capital Region to Agra

Travel by means of existing roadways was a 4-6 hour journey and there were multiple fatalities reported on any single day. So, this expressway was intended to provide a reduced time for travel with world-class quality and hence reduced number of fatalities.

• To open the area on the eastern bank of the river for industrial and urban development

The districts on the eastern bank of the river through which expressway passes were mostly agrarian & rural lands and they were in the need of industrial and urban development. So, as this project enabled both expressway and associated Industrial, Urban development.