In a bid to provide better connectivity and attract investment, Cabinet Committee on Economic Affairs has given its stamp of approval to Hybrid Annuity Model for implementing the Highway Projects.
- The government will provide 40% of the project cost to the developer while the remaining investment has to be made by the developer.
By adopting the Model as the mode of delivery will increase the comfort level of all major stakeholders in the PPP arrangement including authority, lender and developer, resulting in revival of the sector through renewed interest of private investors.
- The former Planning Commission has developed the first version of the Model Concession Agreement for roads in 2006.
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