https://www.taxtmi.com/news?id=22312 A public private partnership using the Hybrid Annuity Model will upgrade about 1,600 km of state highways and major district roads by assigning design, construction, and operation and maintenance responsibilities to a private concessionaire; the government will make phased milestone linked payments during construction while the concessionaire arranges remaining equity and commercial debt and will be repaid over a defined post completion period. The project also mandates two lane all weather standards, road safety features, an e maintenance system, and capacity building for contract implementation and project finance. en-us Fri, 20 Dec 2019 13:06:37 +0530 Fri, 20 Dec 2019 13:06:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=22312 A public private partnership using the Hybrid Annuity Model will upgrade about 1,600 km of state highways and major district roads by assigning design, construction, and operation and maintenance responsibilities to a private concessionaire; the government will make phased milestone linked payments during construction while the concessionaire arranges remaining equity and commercial debt and will be repaid over a defined post completion period. The project also mandates two lane all weather standards, road safety features, an e maintenance system, and capacity building for contract implementation and project finance. News - Fri, 20 Dec 2019 13:06:37 +0530 https://www.taxtmi.com/news?id=22312