NHAI to adopt HAM, EPC models to grant highway contracts
ROADS & HIGHWAYS

NHAI to adopt HAM, EPC models to grant highway contracts

The National Highways Authority of India (NHAI) has decided to adhere to the hybrid annuity model (HAM) and engineering procurement and construction (EPC) models to complete its targets, while doing away with the build-operate-transfer (BOT) mode altogether.

For the ongoing year, it is likely to award 65 per cent of the projects under HAM and 35 percent under EPC in the total mix. In FY24, the NHAI aims to award highway projects of 6,036 km, up from 6,003 km awarded in the previous financial year, even as the ministry has set the target of using up 91 percent of its capital budget by December-end.

During April and May months of 2023, various highway building arms have constructed 1,465 km of highways. Contracts were awarded for 382 km of highways during these two months, as against 496 km in the same period last year.

Under Bharatmala so far, EPC projects accounted for 46.9 percent and HAM 51.7 per cent and BOT 1.4 per cent. The initial target was to award projects under HAM (60 percent), EPC (30 percent) and BOT (10 per cent) modes.

The National Highways Authority of India (NHAI) has decided to adhere to the hybrid annuity model (HAM) and engineering procurement and construction (EPC) models to complete its targets, while doing away with the build-operate-transfer (BOT) mode altogether.For the ongoing year, it is likely to award 65 per cent of the projects under HAM and 35 percent under EPC in the total mix. In FY24, the NHAI aims to award highway projects of 6,036 km, up from 6,003 km awarded in the previous financial year, even as the ministry has set the target of using up 91 percent of its capital budget by December-end.During April and May months of 2023, various highway building arms have constructed 1,465 km of highways. Contracts were awarded for 382 km of highways during these two months, as against 496 km in the same period last year.Under Bharatmala so far, EPC projects accounted for 46.9 percent and HAM 51.7 per cent and BOT 1.4 per cent. The initial target was to award projects under HAM (60 percent), EPC (30 percent) and BOT (10 per cent) modes.

Next Story
Infrastructure Transport

Metro Line 2B Phase 1 to Boost Realty in Mumbai’s Eastern Suburbs

Mumbai’s real estate sector is set for a major boost as Phase 1 of Metro Line 2B, between Mandale and Diamond Garden, nears completion. The Mumbai Metropolitan Region Development Authority (MMRDA) has confirmed that mandatory rectifications are done, and inspections by the Commissioner of Metro Railway Safety (CMRS) have been carried out. The 5.39-km stretch with five stations forms part of the larger DN Nagar–Mandale corridor, designed to ease congestion and improve east–west connectivity. Passenger operations are expected by December 2025, with the full line slated for 2027. ..

Next Story
Resources

WattPower wins Best Inverter award at Global Solar Expo 2025

WattPower, a leading renewable energy solutions provider, has won the award for “Best Inverter in the Utility Segment” at the Global Solar Expo 2025. The recognition underscores the company’s commitment to delivering reliable, high-performance and future-ready solar solutions for large-scale projects. At the forefront of utility-scale solar, WattPower manufactures advanced string inverters that directly feed power into the Indian grid. With robust technology, high-quality components and comprehensive product lifecycle support, its solutions stand among the most sophisticated in the ..

Next Story
Real Estate

Awfis delivers 67,000 sq. ft. innovation hub for eBay in Bengaluru

Awfis Space Solutions, India’s largest flexible workspace provider and the first publicly listed workspace solutions platform, has partnered with eBay to establish a 67,000 sq. ft. innovation hub at Embassy Tech Village, Bengaluru. The mandate covers design, build and management of the new office, which will act as a strategic hub supporting diverse functions and accelerating eBay’s AI-first commerce strategy. The centre will focus on artificial intelligence, engineering, product development and applied research, strengthening eBay’s growth in India. Embassy Tech Village, North Beng..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?