How new HAM criteria puts all on equal footing

21 Jul 2022 CW Team

The Hybrid Annuity Model (HAM) has become the backbone of Bharatmala 1 & 2. Around 70 per cent of projects are given on HAM by NHAI. Under HAM, NHAI funds 40 per cent of the construction cost while 60 per cent is funded by the developer with own finance. NHAI makes a payment of 60 per cent of the construction cost along with interest on the outstanding amount (bank rate +3 per cent) and O&M cost over a period of 15 years to the developer, who is required to maintain the road for 15 years. As NHAI takes the responsibility of toll collection, the developer is not exposed to toll risk. Hence,this was a preferred mode for developers.

However,developers have become aggressive and started bidding with a low O&M budget to get a better NPV (net present value). Having realised this,NHAI has suggested changes in HAM biddings.

To read the full version, CLICK HERE.

Technology

29 Jul 2026

AI-Enabled Workflows Lift Profitability and Productivity

Organisations modernising frontline workflows with artificial intelligence, automation and real-time data are reporting stronger financial performance, higher productivity and improved employee engagement, according to a global study by Zebra Technologies and Oxford Economics.The research covered 1,000 senior leaders across retail, manufacturing, transportation and logistics in the US, Mexico, the UK, Germany, India, Japan, Australia and New Zealand.In transportation and logistics, 54 per cent of companies that improved picking and packing operations reported faster operational performance, wh..

India Leads Global AI Readiness but Implementation Lags

Indian companies lead global averages across all eight artificial intelligence readiness indicators tracked by JLL, but only 19 per cent have started making changes to their workplaces, according to the JLL 2026 Future of Work Survey.The study found that 77 per cent of Indian business leaders expect AI to change their office requirements, creating a 58-percentage-point gap between awareness and implementation. The survey covered more than 2,200 CEOs, CFOs and real estate leaders across 21 countries during the first quarter of 2026.Despite concerns over automation, 58 per cent of Indian leaders..

Three WOLFF Cranes Build Riyadh Cable-Stayed Bridges

Three WOLFF 180 B luffing jib cranes are supporting the construction of two cable-stayed bridges alongside the existing Wadi Laban Bridge in Riyadh, Saudi Arabia. The project is being developed for the Royal Commission for Riyadh City and executed by the ICRC joint venture comprising IC Ictas and Al Rashid Trading & Contracting Company.The cranes are handling lifting operations including formwork, reinforcement, concrete placement, work platforms, surveying equipment and other construction materials. Each crane is fitted with a 40 m jib, reaches a hook height of 157 m and offers a maximum ..