Centre Approves Six-Lane Road Project Connecting Dwarka Expressway to Vasant Kunj

The National Highways Authority of India (NHAI) has announced plans for the development of a significant infrastructure project valued at approximately ₹6,969.67 crore. This initiative will be executed under the Hybrid Annuity Model (HAM), a financial model that combines elements of both traditional engineering, procurement, and construction (EPC) and build-operate-transfer (BOT) models.

The Hybrid Annuity Model is designed to promote the rapid development of highway projects while ensuring that the risks are shared between the government and private developers. Under this model, the NHAI will cover a substantial portion of the project cost, providing financial stability to the private entity during the construction phase, while the private sector will generate revenue through tolls once the project is operational.

This project aligns with the Indian government’s broader initiative to enhance the country’s road infrastructure and improve connectivity. Investments in highway development are expected to stimulate economic growth, facilitate trade, and improve access to essential services across various regions.

Further details regarding the project location, specific timelines, and contractors involved are anticipated to be released in the upcoming months as NHAI moves forward with the planning and execution phases.