C) Two alternatives have been proposed to construct a new road project to improve capacity and safety. The table below explains each alternative's costs: the initial construction costs, annual operating and maintenance costs after the first year, and resurface of road costs. Assume that the annual interest rate is 5%. Determine the present worth for each alternative, then choose the preferred alternative based on the economic criteria. by present worth Alternative The initial construction costs The annual operating and maintenance costs The resurface costs Service life (years) 1 $4,000,000 $3,900 $850,000 (Every five years) 14 $3,800,000 $4,100 $800,000 (Every four years)

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Evaluation of Transportation Projects

Civil engineers undertake a variety of projects related to construction. Building construction projects, structural projects, highway, road construction projects, transportation projects, etc. Transportation projects are related to public constructions that focus to build new connectivity in public transportation. To improve and maintain existing transport facilities also falls under the domain of transportation projects. Some of its objectives include planning, evaluation, designing, development, finance, construction, reconstruction, demolition, rehabilitation, improvement, acquisition, operation, and maintenance. As per the law, all transport projects are authorized to the construction firm that permits them to change the land area meant for public use.