highway projects
Union Cabinet approves Hybrid annuity model for highway projects
Union Cabinet recently approved the Hybrid annuity model for the country’s highway project. The model aims to attract private investment and reduce the risk of developers. PPP model fails to get bids for a project and developers find it difficult to complete the project on time. The Hybrid annuity model is a win-win situation where […]
Govt to pay higher compensation for land acquired for road projects
Central Government is set to pay higher compensation to property owners and farmers who have parted with their land for highway project. Land acquisition was one of the major hurdles for these highway projects because the property owners and farmers were not accepting the compensation being offered to them for their land. Thus, the government […]
