National highways play a vital role in social and economic integration. National highway plays a vital role in the social and economic integration and development of the country. Total budgetary spending in the road sector has increased by more than eight times to Rs.2.6 trillion in FY2023BE over FY2014 at a CAGR of more than...
The Hybrid Annuity Model (HAM) unveiled with great fanfare earlier this year was expected to set off the next wave of award of PPP highway projects. The intent and purpose of introducing HAM, as a hybrid of EPC and BOT (annuity) formats, was noble and deserves to be lauded: to moderate risks faced by highway developers and to provide financial support during construction.
China and India have more reasons to expedite and deepen cooperation in urban infrastructure construction, says Dr Liu Youfa, Consul General of China in Mumbai
It is coincidental that both China and India have been attaching importance to infrastructure construction.