4. Explaining the Hybrid Annuity Model, discuss how far it can help to revive private participation in large infrastructure projects.

Approach:

The answer can be written in 3 parts:

♤ First, discuss the Hybrid Annuity Model (HAM).

♤ Secondly, explain how is it an improvement over other investment models (BOT, EPC) and how it can help in reviving private participation in large infrastructure projects.

♤ Finally conclude what more needs to be required to revive private participation in large infra projects.