Maharashtra´s Public Works Department (PWD) is planning to award around 10,000 km of projects in the next six months. ´We have recently taken a decision that these will all be awarded under the Hybrid Annuity Model (HAM),´ said Ashish Singh, Principal Secretary. With the newly-introduced HAM slowly becoming popular at the Centre, states are also beginning to adopt the same.
Out of a total of 6,631 km, the National Highways Authority of India (NHAI) is targeting to award almost half, or 3,137.54 km, under the HAM route, with the remaining shared between EPC and BOT projects. In the last financial year (2015-16), 72 per cent of the total projects, or 3,149 km awarded by NHAI was under the EPC model, 20 per cent (873 km) was under the BOT model and 8 per cent (345 km) was under the newly-introduced HAM.
L&T, IRB Infrastructure, ITD, J Kumar, KNR, Dilip Buildcon, MEP Infrastructure, Ashoka Buildcon and others are willing to participate in HAM projects.