Another analyst said that lesser equity from the developers is another bone of contention raised by lenders in approving funds for HAM projects. HAM model entails lower sponsor contribution during the construction period and also lower risk for them. "Some players like MEP Infrastructure Developers Ltd are having better financial bandwidth and bagging HAM projects repeatedly. For the sixth project – Mahuva-Kagavadar (in Gujarat) –we will be achieving financial closure in a few days." Whereas firms like Sadbhav Infrastructure Project Ltd, PNC Infratech and others who have won multiple HAM projects find it relatively easier to convince the lenders.

Source: dna March 28, 2017 01:41 UTC