Hybrid Annuity Model (HAM) of Hybrid Public-Private Partnership Projects: Contractual, Financing, Tax and Accounting Discussions

This book analyzes several aspects of Hybrid Annuity Model (HAM), a form of hybrid public-private partnership (PPP) for development of roads sector in India. It covers contractual, financing, taxation, and accounting aspects of the HAM-based PPP projects and provides a complete multi-dimensional view for readers. It is authored by professionals with hands-on advisory experience for HAM PPP projects and adopts a novel case-study approach. It also uses international case studies to provide key learnings in project preparation and structuring for such hybrid PPP models. The target audience includes private sector developers, government agencies, deal practitioners, advisors, researchers, and academia.

Format: Hardback
Length: 278 pages
Publication date: 01 April 2023
Publisher: Springer Verlag, Singapore

This comprehensive guide delves into the intricate details of Hybrid Annuity Model (HAM), a unique form of hybrid public-private partnership (PPP) utilized in the development of India's roads sector. Authored by experienced professionals with firsthand advisory expertise in HAM PPP projects, the book offers a multi-dimensional perspective on these long-term concession agreements, spanning approximately 15 years. Recognizing the inherent complexities associated with these agreements, the authors have aimed to provide clarity on practical issues.

The book adopts a novel case-study approach, utilizing detailed financial and commercial assumptions for a road project in India. Through the use of around 100 numerical illustrations, the authors aim to provide both a quantitative and qualitative understanding for readers. Additionally, the book highlights key learnings from international case studies, specifically in the areas of project preparation and structuring for hybrid PPP models. By contrasting the risk allocation framework with the HAM PPP model, the authors emphasize the distinct differences between the two approaches.

The international case studies have been carefully selected from the transport and water sectors to demonstrate the broad applicability of hybrid PPPs across various sectors. This book serves as a valuable resource for a diverse audience, including private sector developers, government agencies, deal practitioners, advisors, researchers, and academia. Furthermore, it will be a useful guide for commercial lenders, development finance institutions (DFIs), and institutional investors seeking to explore investment opportunities in the infrastructure sector.

Weight: 623g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811920189
Edition number: 1st ed. 2023