Infrastructure Boost Under HAM Phase-1 Project in Maharashtra
| Category | Details |
|---|---|
| Event | Infrastructure Boost Under HAM Phase-1 Project |
| Location | Maharashtra, India |
| Key Announcement | Major advancement in infrastructure development by Maharashtra CM |
| Project Name | Hybrid Annuity Model (HAM) Phase-1 |
| Investment | Rs 41,730 crore |
| Road Upgrade | 6,000 kilometres of roads across Maharashtra |
| Financial Closure | Rs 25,875 crore secured |
| Key Banks Involved | HUDCO, IIFCL, Canara Bank, PNB, UCO, BOM, NABFID, PSB, SBICAPS |
| Progress | 5% more progress achieved in record time under 100-day program |
| Upcoming Projects | Infrastructure projects worth Rs 1 lakh crore set for completion |
| Model Description | Hybrid Annuity Model (HAM) - Mix of EPC and BOT-Annuity models |
| Government Contribution | 40% of project cost in first five years through annual payments (annuity) |
| Remaining Payment Basis | Assets created and developer performance |