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HAM Model Being Mulled To Develop Vadhavan Port
The planned Vadhavan port has been facing challenges, one after another; now, the last minute challenge is from the Prime Minister’s Office (PMO) which has now floated the idea of Hybrid Annuity Model (HAM) for the structure of the port, the model widely used in highways.
Dr.G.R.Balakrishnan Apr 04 2024 Indian Ports News

HAM Model Being Mulled To Develop Vadhavan Port

If the HAM model is approved, it will be the first for a port project, necessitating a large-scale restructuring of the Vadhavan project parameters. Port industry sources are however sceptical of adopting the HAM model for port contracts, citing challenges associated with cargo handling activities and collection of vessel related and cargo-related charges from the users of the facility.

Till the clarity on the model is arrived at, Cabinet approval cannot be expected; moreover, with the Election being very near, it means any new project for approval from the Cabinet must wait for the formation of a new government to take charge.

The Vadhavan port project has no other choice but to wait, it appears so.