Feasibility Evaluation of the Citereup-Tanjung Lesung Road Expanding Project: A Cost-Benefit and Sensitivity Analysis Approach

Gatot Subagyo, Dr. Ir. Fitri Suryani M.T., Dr. Ir. Dwi Dinariana M.T.

Abstract: This study evaluates the economic and technical feasibility of widening the Citereup?Tanjung Lesung road section from 5 to 8.2 meters using a 20-year concrete pavement design. It employs cost-benefit analysis, sensitivity testing, and financial viability metrics such as NPV, BCR, and EIRR to assess project outcomes. The research reveals notable reductions in travel time and vehicle operating costs, alongside substantial gains in land and property tax revenues. Despite confirmed feasibility, sensitivity analysis exposes the project?s vulnerability to marginal changes in costs, benefits, or interest rates. The findings highlight both the economic potential and inherent risks of public infrastructure investments, particularly in the context of strategic economic zones.

Keywords: Road expanding, infrastructure feasibility, cost-benefit analysis, travel time savings, land value appreciation

How to Cite?: Gatot Subagyo, Dr. Ir. Fitri Suryani M.T., Dr. Ir. Dwi Dinariana M.T., "Feasibility Evaluation of the Citereup-Tanjung Lesung Road Expanding Project: A Cost-Benefit and Sensitivity Analysis Approach", Volume 14 Issue 8, August 2025, International Journal of Science and Research (IJSR), Pages: 1684-1690, https://www.ijsr.net/getabstract.php?paperid=SR25828213056, DOI: https://dx.doi.org/10.21275/SR25828213056