Summary:
Nagpur: The state public works department ( PWD ) has planned road works worth a whopping Rs6,740 crore in 11 districts of Vidarbha under the new ‘hybrid annuity’ model. Then, the PWD revised the formula and met with success.What Is Hybrid AnnuityPWD used to execute road works in two systems. The PWD has taken up 150 packages, of which 50 in Vidarbha have been taken up for tendering process. Now, 44 packages will be executed in Vidarbha covering road network of 2,456.50km. “The new model has also received a good response from the contractors, who were otherwise showing no interest in toll tax model..