Latest Hybrid Annuity Model News & Updates

Mumbai, July 11 (IANS) Union Minister for Road Transport and Highways, Nitin Gadkari, on Saturday called for deeper cooperation among BRICS nations to build transport systems that are sustainable, resilient, inclusive and future‑ready.Addressing the third ‘BRICS Transport Ministers’ Meeting’ under India’s BRICS Chairship, he said common challenges relating to infrastructure financing, congestion, emissions, road safety and last-mile connectivity require collective solutions.The minister re…

New Delhi, June 3 (IANS) The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, on Wednesday approved the construction of a new coastal highway from Rameshwar to Paradeep on Hybrid Annuity Model (HAM) in Odisha.The highway will be constructed under two packages with a combined total length of 160.18 km and a combined total capital cost of Rs 8,300.79 crore.This will reduce travel time by about 2 hours and 30 minutes between Rameshawar and Paradeep, while provi…

Bhopal, Dec 22 (IANS) Union Health Minister JP Nadda is scheduled to perform bhoomi pujan for new medical colleges, starting with Dhar and Betul on December 23, as part of expanding facilities in underserved districts, said Rakesh Singh, Minister for Public Works Department. Also, Union Home Minister Amit Shah will visit Gwalior and Rewa on December 25 for the Abhyuday Madhya Pradesh Growth Summit, his first participation. He will issue letters of intent for investors who will invest a combined …