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● Statement 1 is correct: Hybrid Annuity Model (HAM) is a mix of the Engineering, Procurement and Construction (EPC) and Build, Operate, Transfer (BOT) models. HAM combines 40% EPC and 60% BOT-Annuity. Earlier PPP models included EPC (engineering, procurement and construction), where NHAI pays private players to lay roads, and BOT (build, operate, transfer), where private player financed, built and operated projects and got paid through annuity or toll. But both the models were struggling as the government didn't have funds for EPC while private players struggled to raise funds under BOT. Therefore, HAM was introduced in January 2016 to recover investments in road infrastructure projects. ● Statement 2 and 3 are incorrect: In the BOT model all risks i.e. financial, toll collection and operation & maintenance (O&M) are borne by the private sector. These risks put the private sector more vulnerable. In the new HAM model, a realignment of risk sharing is brought in. The private partner continues to bear the O&M risks, but the financing risk is now shared with the government as the government pays 40% during the construction stage The government also shoulders the responsibility of revenue collection as under HAM, Revenue collection would be the responsibility of the National Highways Authority of India (NHAI).There is no toll right for the developer. The private developer will recover his investment from the government by receiving annuity payments over a period of 15 years.
Expenditure of the government on health facilities, education and fixed-asset acquisition is termed as _________.
Crystals of copper sulphate pentahydrate, on heating, form:
Who is the promoter of Funskool India Ltd., a company that has acquired the licence to manufacture and distribute action figures of Chhota Bheem and fri...
Dr. Bhupendra Kumar Hazarika won the Bharat Ratna award in the field of _________ in 2019.
The Fundamental Duties in the Constitution of India were adopted from the:
Which of the following teams won the Tata Indian Premier League 2023 title
The RIDF (Rural Infrastructure Development Fund) was set up by the Government in 1995-96 for financing ongoing rural infrastructure projects and is man...
What is the renewal amount per annum per member under the Pradhan Mantri Suraksha Bima Yojana?
Article 63 is related to?
Who among the following Indian authors has written the autobiography titled ‘My Story’?