International Research Journal of Engineering and Technology (IRJET) e-ISSN: 2395-0056 Volume: 08 Issue: 08 | Aug 2021 www.irjet.net p-ISSN: 2395-0072 © 2021, IRJET | Impact Factor value: 7.529 | ISO 9001:2008 Certified Journal | Page 25 Feasibility Study of BOT Project- A Case Study of Vadape-Gonde Expressway Shabnam A. Shaikh 1 , M. P. Kadam 2 1 ME Student, Department of Civil Engineering, Maratha Vidya Prasarak Samaj’s, KBT College of Engineering Nashik, India, 2 Professor, Department of Civil Engineering Maratha Vidya Prasarak Samaj’s, KBT College of EngineeringNashik, India. ---------------------------------------------------------------------***---------------------------------------------------------------------- Abstract - BOT is a prominent road building strategy that involves public and private sector collaboration. The evolving road finance mechanism, on the other hand, has been marked by revisions to meet new criteria. The state of Maharashtra has made proactive steps toward the BOT strategy for road building under the PPP model. PPPs provide an opportunity for the state to meet its investment demands for road development. MSRDC has driven on private sector involvement in road projects. This research paper looks on the financial feasibility of the Mumbai Nasik Expressway, which was built under the BOT paradigm. The project entails the four-laning of the National Highway-3 portion from Vadape to Gonde (Mumbai-Nasik), which is 99.5 kilometers long. The research looks at the project's traffic and toll income data, and the feasibility analysis is done using a 20-year projection. Key Words: Transportation, BOT, Infrastructure, PPP, Expressway. 1. INTRODUCTION This In the last decades, as a result of social and political changes and interactions, the role of public institutes in infrastructure services has undergone some alterations. Toll roads are becoming increasingly popular across India for over a decade. The build-operate-transfer (BOT) concept, is a type of public-private partnership, was created to fund projects that required a lot of money and/or advanced building technologies. After a few years, the toll road projects are projected to see a lot of traffic every day, consisting of a variety of vehicles ranging from personal automobiles, light and heavy commercial vehicles, multi axle trucks, and so on. In accordance with government policy, toll costs are enforced on most vehicles using toll roads. The ability of a project to service debt and achieve the desired equity rate of return is crucial to the BOT project's financial viability. BOT initiatives in India are potentially very dangerous and challenges due to variances in the legal profession, economic factors, and society. Using risk measurement tools, investors must detect and manage the important risk associated with BOT projects. The administration anticipates a major rise in private sector investment at both the central and provincial levels in the future. Various local bodies administer the state's road infrastructure, including the state's public works department, municipal corporation, Maharashtra state road development company (MSRDC), Maharashtra Industrial Development Corporation (MIDC), and the forest department. The state of Maharashtra has made proactive steps toward a PPP/BOT strategy to road building. MSRDC has pushed for private sector involvement in road projects. The financial feasibility analysis of the Mumbai Nasik Expressway under the BOT model is examined in depth in this research report. The National Highway-3 stretch between Vadape to Gonde (Mumbai-Nasik) four-laned as part of the project. 2. OBJECTIVE To study the nature of BOT project and contract. To determine the feasibility of case study. Analyze the project's economic output as well as the hazards involved in its implementation. 3. METHODOLOGY Initially books, journals, conference proceedings and articles, websites, and other national and international sources were used to review material relating to BOT road projects. The research is carried out by gathering data from the government, concessionaire companies, and the National Highway Traffic Safety Administration, as well as real observations of the number of vehicles. The concession agreement, annual audited financial reports for the toll road, information about the toll charges, and the number of vehicles is some of the data collected. 1.1 Indian Infrastructure Situation According to the current budget, India has emerged as the world's largest PPP market, with over 900 projects in various phases of development. PPPs have built some of the world's most iconic infrastructure, such as airports, ports, and motorways, which are used as models for expansion around the world.