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New HAM Bidding Norms May Sideline 25% of Road Developers, Says Crisil Ratings

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...