Mumbai - Jawaharlal Nehru Port Authority will likely flip the payment structure and period followed by the country’s highway development agency for Hybrid Annuity Model (HAM) road projects while undertaking dredging, offshore reclamation and shore protection work on this variant of public-private-partnership (PPP) estimated worth Rs20,647 crores for the planned Vadhvan Port, multiple sources said.

The customization of the highway HAM model for the Vadhvan Port’s dredging, offshore reclamation and shore protection work, is aimed at enticing bidders. It will also drastically cut J N Port Authority and Maharashtra Maritime Board . . .