NEW DELHI: The federal government is contemplating to chop the upfront fee to freeway builders by half through the building interval by modifying the Hybrid Annuity Mannequin (HAM), which has turn into well-liked in recent times.
In opposition to the present norm of paying 40% of the undertaking value throughout building interval and the remaining quantity in equal installments through the remaining interval of contract, the Nationwide Highways Authority of India (NHAI) is engaged on the proposal to pay solely 20% of the associated fee through the building section.
Sources stated the matter has been taken up with the street transport ministry. “We’ll go forward with the plan after getting the mandatory go forward,” a authorities official stated.
Sources stated the change, as soon as authorised, will improve non-public funding within the sector because the freeway builders will put in additional funds even through the building interval. Below the HAM mannequin, the contractors haven’t any danger because the accountability of toll assortment lies with NHAI. This has turn into essentially the most most well-liked mode for personal funding within the sector as there was no takers for the initiatives provided on the BuildOperate-Switch (BOT) mode.
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