Policy push aimed at improving private participation in national highways
The following are the recent policy changes that MoRTH and NHAI have undertaken to in order to improve private participation in the sector and increase competition (more details in National Highway and Competition chapters):
1. Bidder eligibility criteria reduced for HAM and EPC projects which would promote entry of smaller players
2. Changes in the Hybrid Annuity Model (HAM) concession agreement aimed at protecting developers' returns and easing their cashflows during construction period
3. Changes in the Build-Operate-Toll (BOT) concession agreement in order to reinstate developer interest in the model.
