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Highway contracts: Hybrid annuity projects to gain pace

While some large players are cautious, experts say this model cannot be ignored for long, given NHAI's strong pipeline

Hamsini Karthik  |  Mumbai 

Introduced last year by the Union ministry of road transport and highways, acceptance of the hybrid annuity model or HAM for tendering of road projects by the National Highways Authority of India (NHAI) was initially weak. It continues to remain so. For instance, the first bid under the HAM model, for four-laning of the Solan-Kaithalighat section in Himachal Pradesh, had no takers. The bid terms had to be revised. Till date, five projects totalling 279 km (Rs 6,700 crore in value) have been awarded. The FY16 target for HAM was set at 1,400 km. Experts, however, say with more than half ...

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Highway contracts: Hybrid annuity projects to gain pace

While some large players are cautious, experts say this model cannot be ignored for long, given NHAI's strong pipeline

While some large players are cautious, experts say this model cannot be ignored for long, given NHAI's strong pipeline Introduced last year by the Union ministry of road transport and highways, acceptance of the hybrid annuity model or HAM for tendering of road projects by the National Highways Authority of India (NHAI) was initially weak. It continues to remain so. For instance, the first bid under the HAM model, for four-laning of the Solan-Kaithalighat section in Himachal Pradesh, had no takers. The bid terms had to be revised. Till date, five projects totalling 279 km (Rs 6,700 crore in value) have been awarded. The FY16 target for HAM was set at 1,400 km. Experts, however, say with more than half ... image
Business Standard
177 22

Highway contracts: Hybrid annuity projects to gain pace

While some large players are cautious, experts say this model cannot be ignored for long, given NHAI's strong pipeline

Introduced last year by the Union ministry of road transport and highways, acceptance of the hybrid annuity model or HAM for tendering of road projects by the National Highways Authority of India (NHAI) was initially weak. It continues to remain so. For instance, the first bid under the HAM model, for four-laning of the Solan-Kaithalighat section in Himachal Pradesh, had no takers. The bid terms had to be revised. Till date, five projects totalling 279 km (Rs 6,700 crore in value) have been awarded. The FY16 target for HAM was set at 1,400 km. Experts, however, say with more than half ...

image
Business Standard
177 22