ABSTRACT

Pasuruan and Probolinggo Regency is a Regency in East Java which is famous for its tourism and industry, such as mount bromo and the safari park. This makes the Pasuruan regency is experiencing significant economic growth. To smoothen and spur economic growth in this area, the government built the Pasuruan – Probolinggo toll road. The objective of this study is to analyze the existing road traffic of Pasuruan and Probolinggo and doing the feasibility study. Feasibility study is determined based on the value of the ratio between the income investors gained at the cost of build the toll road. The value of these feasibilitystudy based on the analysis of the Net Present Value (NPV), Benefit Cost Ratio (BCR), Internal Rate of Return (IRR) and the Pay Back Period (PBP). Financially value NPV > 1, value of BCR > 0 and the value of the IRR 8.3%. Toll Road construction project – Probolinggo Pasuruan worth financially and economically. Direction for future research is presented.