Hybrid Annuity Model (HAM) is a model designed to revive PPP (Public Private Partnership) in highway construction. HAM is a mix between the existing two models – BOT Annuity and EPC (Engineering, Procurement and Construction).
The HAM is known after its unique way of payment to the high way developer.
In financial terminology hybrid annuity means that payment is made in a fixed amount for a considerable period and then in a variable amount in the remaining period. This hybrid type of payment method is attached under the HAM.
