Roads to Wherewithal
Five ways to revitalise infrastructure financing in India.
Last fiscal, contracts to build highways peaked and the pace of construction was twice as fast as in the previous five years. The government achieved this through policy reforms, which made EPC (engineering, procurement and construction) and HAM (hybrid annuity) models of highway construction attractive so much so that they now account for 90 per cent of the contracts awarded.
In the process, the government has partly resolved a logjam that had
