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The first tender on HAM was invited by the National Highways Authority of India (NHAI) on 29 July 2015 for development of Delhi-Meerut Expressway. The contract value was Rs 1,023.69 crore.

Though the first tender on HAM basis was invited in July 2015, the approval for undertaking this model was given on 27 January 2016 by the Cabinet Committee on Economic Affairs (CCEA).

Prior to the approval from CCEA for this model, NHAI floated 17 tenders on HAM basis, worth Rs 15,976.54 crore.

As per Projects Today, a total of 19 tenders worth Rs 12,974.77 crore were floated under this model from 27 January 2016 to 31 March 2016. However, following this a rise has been seen under HAM.

In FY2016-17, NHAI invited 42 tenders worth Rs 46,086 crore; the Ministry of Road Transport & Highways (MoRTH) floated four tenders worth Rs 1,584.53 crore and the Public Works, Ports & Inland Water Transport Department, Karnataka, invited one tender in three packages under Karnataka State Highways Improvement III Project (KSHIP-III).

Under this mode, four tenders were invited worth Rs 355.82 crore for sewage treatment plant during the period.

In FY2017-18, a total of 305 tenders worth Rs 1,58,738.75 crore were invited on HAM. Of the total, 289 tenders worth Rs 1,40,280.58 crore were invited in roadways sector; 11 tenders worth Rs 11,656.43 crore were in community services; two tenders worth Rs 205.59 crore in Water Treatment; and one tender each in Water Supply, Real Estate and Power Transmission sectors with a cumulative contract value of Rs 6,596.15 crore.
In the Roadways sector tenders were floated for over 8,500 km on HAM basis in FY 2017-18.

The most notable tender during the period invited by NHAI worth Rs 2,206.61 crore was for four-laning of Jangipur/Omarpur (244.600 km of NH-34 Jn at Talai)-Teghari-Barjumla-Lalgola-Bhagwangola-Sabjikatra Section Package-I from 0.000 km to 52.200 km (designed length 52.200 km) in West Bengal under Bharatmala Pariyojana.

Prognosis…

For executing highway projects during FY2017-18, 487 tenders worth Rs 2,06,997.23 crore were invited on EPC basis; 289 tenders worth Rs 1,40,280.58 crore on HAM basis; 18 tenders worth Rs 1,756.21 crore on turnkey basis and 107 tenders worth Rs 6,867.09 crore on PPP mode were invited. So it is very likely that the hybrid-annuity model (HAM) is anticipated to be the preferred mode in executing highway projects in 2018-19.

 

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