Project award activity
- The National Highways Authority of India (NHAI) awarded over 2,500 km per year on average during the 10-year period from 2004-05 to 2013-14. This has nearly doubled to 4,700 km per year since 2014-15.
- The year 2017-18 witnessed the highest award activity, crossing 7,300 km. There was a lull thereafter, and the momentum picked up again in 2021-22.
Shift from BOT to EPC and HAM mode
- The engineering, procurement and construction (EPC) model and the hybrid annuity model (HAM) have dominated the award activity under the Bharatmala Pariyojana and the National Highways Development Project.
- Meanwhile, due to the inherent risks associated with the build-operate-transfer model (BOT), its share has declined sharply, from 100 per cent during 2008-12 to a mere 1 per cent at present.