From the study it is concluded that fibre proves to be a better alternative to steel and alloys specially for repairing and maintenance of structures damaged by heavy use and corrosion and as a material for strengthening. The mechanical properties of fibre reinforced concrete make them ideal of widespread applications in construction world. There are number of fibres, if one fibre has some drawbacks, then more than one fibre can be used to hide the drawback of other. The study shows that initial cost of fibre reinforced concrete is much higher as compared to steel reinforced concrete, because one fibre rod cost is expected to be in-between 2 to 8 times the cost of normal steel bars. But the study and research shows that this high cost can be justified by looking at "whole life cost of structure".