The Cabinet Committee on Economic Affairs today gave its nod to the Hybrid Annuity Model (HAM) as one of the modes of delivery for implementing the highway projects in the country.

The HAM is a mix of engineering, procurement and construction (EPC) and build-operate-transfer (BOT) formats, with the government and the private companies sharing the total project cost in the ratio of 40:60 respectively.

“The cabinet committee on Economic Affairs has given its approval for the Hybrid Annuity Model as one of the modes of delivery for implementing the Highway Projects.