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Hybrid Annuity model for implementing highway projects

News and Press Release - Dated:- 27-1-2016 - Press Information Bureau Government of India Cabinet Committee on Economic Affairs (CCEA) 27-January-2016 12:31 IST The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Mo .....

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uantum of kilometers implemented within the available financial resources of the Government. The main object of the approval is to revive highway projects in the country by making one more mode of delivery of highway projects. By adopting the Model a .....

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vestors in highway projects and this will bring relief thereby to citizens / travelers in the area of a respective project. It will facilitate uplifting the socio-economic condition of the entire nation due to increased connectivity across the length .....

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ays. The erstwhile Planning Commission developed the first version of the Model Concession Agreement (MCA) for highways in 2006. This was done considering the need to standardize documents and processes for the PPP framework in the country for ensuri .....

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ike BOT (Toll), BOT (Annuity) and OMT addressing to a significant extent, the changing needs of the sector. One of the documents developed by the Planning Commission for infrastructure including highways is the MCA for Annuity Projects -version April .....

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d through annuity payments to be made by the Government/Authority over a specified period commencing from the date of commissioning of the project. The balance percentage of the project cost is provided by the Government during the construction perio .....

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the public funded Engineering, Procurement and Construction. (EPC) mode as the preferred mode of delivery for highway projects in 2013-14 and 2014-15. There is an inherent limitation in implementing projects on EPC mode as such implementation is res .....

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