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<h1>Hybrid annuity model revives nonviable highway projects by sharing financing and insulating developers from traffic and inflation risk.</h1> The Hybrid Annuity Model combines government funding of a significant portion of construction costs with private design, build and maintenance obligations; the private developer partly finances the project and is remunerated through annuity payments after commissioning, while the Authority assumes traffic and inflation risks to improve lender and developer comfort and enable implementation of otherwise nonviable highway projects.