cost-benefit analysis in infrastructure

Cost-benefit analysis in infrastructure involves comparing the total expected costs of a project—like construction, maintenance, and environmental impact—with the anticipated benefits, such as improved transportation, economic growth, or safety. This process helps decision-makers determine if the investment is worthwhile by quantifying both positive and negative aspects in monetary terms. Essentially, it provides a systematic way to evaluate whether a project’s benefits outweigh its costs, ensuring resources are used efficiently and effectively for maximum societal gain.