 "graph")
At a time when bankers are wary of financing hybrid annuity road projects, mid-sized companies have achieved financial closure under this mode.
The National Highways Authority of India (NHAI) and the road ministry are of the view that the de-risking aspect in hybrid annuity model (HAM) projects is higher than in build-own-operate (BOT) contracts and hence, funding is not an issue.
HAM projects are ones in which the government pumps in up to 40% of the total cost of the project.
According to an official, of the 26 HAM projects awarded so far, 17 have tied up funds. He added
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