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Construction : Project Update | February 2016 | Source : Infrastructure Today

Hybrid Annuity model for implementing highway projects approved

The Cabinet Committee on Economic Affairs, chaired by the PM Narendra Modi, has given its approval for the Hybrid Annuity Model as one of the modes of delivery for implementing the Highway Projects. Adopting such a model for projects not found viable on BOT (Toll) mode shall be more effective in terms of maximising the quantum of kilometres implemented within the available financial resources of the government. The main object of the approval is to revive highway projects in the country by making one more mode of delivery of highway projects.
 
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