Aryan Kumar Arya

CT3002

The economic appraisal of Colaba – Bandra – SEEPZ MRT Corridor in Mumbai has been carried out within the broad framework of Social Cost –Benefit Analysis Technique. It is based on the incremental costs and benefits and involves comparison of project costs and benefits in economic terms under the “with” and “without” project scenario. This has been done to iron out distortions due to externalities and anomalies arising in real world pricing systems. The annual streams of project costs and benefit have been compared over the analysis period of 34 years to estimate the net cost/ benefit and to calculate the economic viability of the project in terms of EIRR.