Roads Sector – An Outlook
n the past, many EPC contractors and Moint venture companies working on the PPP model suffered losses Eoth on their financial and reputation front due to non-receipt or late receipt of governmental approvals and clearances. nderstandably, they became reluctant to partner with the Ministry of Roads Highways for new projects. However, when the government came up with the Hybrid Annuity Model (HAM), it helped rope in several reputed CE and contracting firms to take the plans Iorward.
Having put the mechanisms, systems and clauses in place, the ministry is confident oI achieving its target oI constructing 0kms day. 7o ensure this proMect works must Ee awarded regularly to the contracting companies.
that were awarded
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We now move on to the next level of advancement and growth with the concept of Smart Cities connected by Smart Roads. ndia is on road to road development .0 , from highways expressways to Smart Roads. The design and methodologies of these roads must provide for advanced mechanisms and installations such as reÀective and solar studs animated sensors retro reÀective signage Ior saIe and Iree Àow oI traႈc at high speed, and other safety measures.
All of this will entail an advanced technology-driven traႈc management system that includes an SO S calling facility for emergencies on these roads; latest systems for signalling, hassle-free toll collection, accident management, and energy-eႈcient high-powered lighting such as solar lighting.