Brickwork Ratings: Tweaking of Hybrid Annuity Model (HAM) a Positive for Roads Sector

According to Vipula Sharma, Director – Ratings, Brickwork Ratings, with the recent tweaking in the HAM model, the share of the projects awarded under HAM model is expected to increase. “Overall, there should be a robust mix of projects awarded under HAM and EPC model to enable the pace as foreseen by the Government. Also, budgetary focus on infrastructure is a step in the right direction to accelerate investments in the road sector which has a multiplier effect on several sectors like construction equipment, steel, cement and among others,” he said.