{"id":349872,"date":"2020-05-06T11:56:28","date_gmt":"2020-05-06T06:26:28","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=349872"},"modified":"2020-05-06T11:56:28","modified_gmt":"2020-05-06T06:26:28","slug":"highway-projects-infrastructure-panel-wants-ham-curtailed-favours-bot-model-heres-why","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/highway-projects-infrastructure-panel-wants-ham-curtailed-favours-bot-model-heres-why\/","title":{"rendered":"Highway projects: Infrastructure panel wants HAM curtailed, favours BOT model; here\u2019s why"},"content":{"rendered":"<p>The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be \u2018downplayed\u2019, a government-appointed task force has opined.<\/p>\n<p>Launched in 2016, HAM caught the fancy of developers \u2013 as it requires them to have very little skin in the game, sub-10% practically \u2013 and has been the sole channel for private investments in the sector in the FY17-FY20 period. The sustainability of the model has been questioned by lenders which have become increasingly averse to funding HAM projects.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Hybrid Annuity Model (HAM) for highway projects that insulates private developers from virtually any commercial risks, is putting stress on the highly-leveraged balance sheet of the National Highways Authority of India (NHAI), and should therefore be \u2018downplayed\u2019, a government-appointed task force has opined. Launched in 2016, HAM caught the fancy of developers \u2013 as it requires them to have very little skin in the game, sub-10% practically \u2013 and has been the sole channel for private investments in the sector in the FY17-FY20 period. The sustainability of the model has been questioned by lenders which have become increasingly averse [&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-349872","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\/349872","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=349872"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/349872\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=349872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=349872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=349872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}