EPC would be better model along with hybrid annuity to start Bharatmala: MEP Infra

In an interview to CNBC-TV18, Jayant Mhaiskar, VC & MD of MEP Infrastructure Developers spoke at length about the Bharatmala project.

He said that spending will be closely watched by all the companies whether largecap or midcap in terms of actual doing of the job for two reasons; the methodology of achieving this entire Rs 5.35 lakh crore expenditure is yet not clear. Second, there is a likelihood that it may be done under engineering, procurement, construction (EPC), hybrid annuity or build, operate and transfer (BOT) toll.

He further said that majority of Bharatmala programme would be under EPC and also on hybrid annuity where there is a good amount of contribution by the government in terms of equity support of 40 percent grant, said Mhaiskar.

According to him, EPC would be a better model along with hybrid annuity to kick start this programme and achieve expected target.