Strong interest in Indian highway project

Strong interest has been reported in a major highway project in India. PNC Infratech, Sadbhav Infrastructure, Ashoka Buildcon, and APCO Infratech have all been bidding to win the Meerut-Bulandshahr highway project. This is worth some US$105 million and involves the construction of a 62km highway link. The project will be carried out under the hybrid annuity model (HAM), with the builder and Indian Government splitting the construction cost 60:40. Under the HAM model, the Indian Government also has plans for
December 11, 2015 Read time: 1 min
Strong interest has been reported in a major highway project in India. PNC Infratech, Sadbhav Infrastructure, Ashoka Buildcon, and APCO Infratech have all been bidding to win the Meerut-Bulandshahr highway project. This is worth some US$105 million and involves the construction of a 62km highway link. The project will be carried out under the hybrid annuity model (HAM), with the builder and Indian Government splitting the construction cost 60:40. Under the HAM model, the Indian Government also has plans for 19 more national highway projects that will involve the construction of 1,300km of highways.
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