<h1>India Approves Hybrid Annuity Model to Boost Highway Projects, Enhance Viability, and Attract Private Investment.</h1> The Cabinet Committee on Economic Affairs in India approved the Hybrid Annuity Model for highway projects, aiming to enhance project viability and attract private investment. This model, distinct from the BOT (Toll) approach, involves shared financing between the government and private investors, with the latter recovering their investment through government annuity payments. It aims to boost highway project implementation by mitigating risks for private developers, such as traffic and inflation uncertainties, while maintaining construction and maintenance responsibilities. This initiative is expected to improve connectivity and stimulate economic activity across the country.