Government will spend close to Rs 7 lakh crore over the next five years to develop around 50,000km of highway in the country
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The Government of India is increasing the amount of money spent on infrastructure development with nearly 205 projects being executed by the National Highways Authority of India (NHAI). Of these, there are 18 projects which cover around 800km. These are worth roughly Rs 13,500 crore and will be executed on a hybrid annuity model (HAM).
The hybrid annuity model is a Public Private Partnership (PPP) venture from the government. Under this model, the government will initially contribute to 40 per cent of the cost of the highway project. This…
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