Recent policy recalibrations are reshaping the hybrid annuity model, a distinctly Indian innovation in public-private partnership for road infrastructure. These changes aim to ensure that financially sound and technically qualified developers take the lead, setting the stage for higher construction standards and a more balanced distribution of national highway projects, says Anand Kulkarni. National highways...
Tag: HAM
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New HAM Bidding Norms May Sideline 25% of Road Developers, Says Crisil Ratings
India’s Ministry of Road Transport and Highways (MoRTH) introduced the changes on July 10 to curb aggressive bidding and improve construction quality. Revised bidding criteria for hybrid annuity model (HAM) road projects could temporarily disqualify one in four existing developers, according to a new analysis by Crisil Ratings. The Ministry of Road Transport and Highways...
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Debt Financing: Funding Sustainable Infra
Sustainable Infrastructure: Debt Financing Shiva Rajaraman, CEO of NIIF IFL, discusses the changes in the infrastructure landscape in the country, policy back-ups and different sources of infrastructure finance that have opened up in the country. With a balance sheet of an impressive Rs.210 billion with zero per cent NPAs, NIIF IFL is an infrastructure debt fund...
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Indian Highways: The Growth Story Unfolding
The highway sector has been the ignitor of PPP framework in India. The sector has received a significant support from the government and NHAI has played its role well through constant innovation.
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The Sweet Spot
While the road sector is arguably in a sweet spot, land acquisition is unquestionably the biggest hurdle afflicting roads development.
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Paving the Way
The road construction companies are eying 20 per cent growth through this fiscal. With this, a plethora of opportunities have opened up for road equipment industry.
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Roads on a Hot Streak
Sustained government thrust through policy changes, investments and proactive addressing of nagging issues, has placed the roads sector in what could be its best growth trajectory yet.
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We have Identified 10 HAM Projects for Ganga Rejuvenation
Most of the projects we have awarded are sewage treatment plants in various states. These plants use standard available technology.
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Low-value projects are among the most challenging
The $1billion US-based engineering and construction management company, Louis Berger, has been active in India for over 20 years. The New Jersey-based corporation is engaged in a slewof projects, including bridges, tunnels, roads, highways, railways, and transit, aviation and smart cities.
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Road Widening Under Progress
The last two decades witnessed highway infrastructure being developed on a massive scale in the country. Now the government has unveiled another huge new highway development programme (covering 83,000 km) under the Bharatmala Pariyojana, which will see a paradigm shift in highway development with focus on improving the efficiency of the national corridor and a long-term view on the highways network.