Source-linked briefing Business

India Overhauls HAM Highway Contracts With Progress-Linked Payments

India Overhauls HAM Highway Contracts With Progress-Linked Payments

Mint explains that the road ministry’s revised Hybrid Annuity Model links payments to certified physical progress and adds financing support, tighter monitoring, risk-sharing, and road-safety requirements. The changes aim to strengthen project delivery discipline and bankability across highway builds.

Original headline

Mint explainer: what has changed in the new HAM highway contract?