Consider the following statements regarding the Hybrid Annuity Model (HAM):
1. It is a mix of the Engineering, Procurement and Construction (EPC) and Build, Operate, Transfer (BOT) models.
2. All risks i.e. financial, toll collection and operation & maintenance (O&M) is borne by the private sector.
3. Revenue collection would be the responsibility of the National Highways Authority of India (NHAI) and private developers.
Which of the Statements given above is/are Incorrect?
● 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.
The difference between a number and its four – seventh is 60. What is the number?
A and B have 6 and 7 pieces of bread respectively. They share their food with C, who pays them Rs 42 for the received breads. If each of them has equal ...
The ratio of two natural numbers 'u' and 'v' is 3:4, respectively. When 12 is added to 'u' and 8 is subtracted from 'v', the ratio of 'u' to 'v' becomes...
If 193 × 199 + x makes the perfect square. Find the value of x
The difference between the value of the number increased by 20% and the value of the number decreased by 30% is 120. Find the number.
A lending library has a fixed charge for the first 7 days and an additional charge for each day thereafter. Sahil paid Rs . 215 for a book kept for 15 ...
Albela Sells Chocolates in the packs of 6 chocolates, 12 chocolates, 18 chocolates and 24 chocolates etc, but the rate is necessarily uniform. One day B...
In a group of three numbers first is double of second and half of third. The average of three numbers is 42. Find the difference between the first numbe...
There are three numbers 'm', 'n' and 'o' (m < n < o) such that 'n' is equal to the average of 'm' and 'o'. 60% of 'o' is equal to 'm' and the difference...
Find the average of first 7 whole numbers.