{"id":298993,"date":"2019-11-01T11:38:48","date_gmt":"2019-11-01T06:08:48","guid":{"rendered":"http:\/\/infralive.com\/web\/?p=298993"},"modified":"2019-11-01T11:38:48","modified_gmt":"2019-11-01T06:08:48","slug":"no-one-wants-to-invest-in-highway-projects-no-project-awarded-under-hybrid-annuity-model-this-fiscal","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/no-one-wants-to-invest-in-highway-projects-no-project-awarded-under-hybrid-annuity-model-this-fiscal\/","title":{"rendered":"No one wants to invest in highway projects? No project awarded under Hybrid Annuity Model this fiscal"},"content":{"rendered":"<p>There is no one out there to invest in highway projects, except the government. Increased risk aversion among a pool of investors that has anyway been limited, lenders\u2019 chariness, issues related to last-mile land acquisition and cash flow problems of operational projects have all resulted in a drying up of new hybrid annuity model (HAM) projects. Not a single highway project has been awarded under HAM this fiscal, official sources said, sharply down from its 40% share in awards in FY19 (see chart).<\/p>\n<p>Though HAM allows private investors to have very little skin in the game \u2014 sub-10% practically \u2014, this has been the sole channel for private investments in the sector in FY17-FY19, after the stress in the sector led to virtual cessation of the BOT-Toll model, where the developer collects tolls to recoup investments and therefore, bears real business risk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There is no one out there to invest in highway projects, except the government. Increased risk aversion among a pool of investors that has anyway been limited, lenders\u2019 chariness, issues related to last-mile land acquisition and cash flow problems of operational projects have all resulted in a drying up of new hybrid annuity model (HAM) projects. Not a single highway project has been awarded under HAM this fiscal, official sources said, sharply down from its 40% share in awards in FY19 (see chart). Though HAM allows private investors to have very little skin in the game \u2014 sub-10% practically \u2014, [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,197,138],"tags":[],"class_list":["post-298993","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-roads-the-financial-express","category-the-financial-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298993","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=298993"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/298993\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=298993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=298993"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=298993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}