Maharashtra

• 25 Mar 2025

Infrastructure Boost Under HAM Phase-1 Project

Why in News? 

Maharashtra Chief Minister announced a major advancement in the State’s infrastructure development by successfully implementing the Hybrid Annuity Model (HAM) Phase-1 project.  

• This initiative will upgrade 6,000 kilometres of roads across the State with an investment of Rs 41,730 crore. 

 Key Points 

• Project Progress and Financial Closure: 
  • The Chief Minister highlighted the project's progress, announcing that Rs 25,875 crore has been secured in financial closure.  
  • He credited banks such as HUDCO, IIFCL, Canara Bank, PNB, UCO, BOM, NABFID, PSB, and SBICAPS for their crucial support. 
• Accelerated Implementation: 
  • The initiative has exceeded expectations, achieving 5% more progress in record time under the State’s 100-day program. 
• Upcoming Infrastructure Projects: 
  • The Chief Minister revealed that infrastructure projects worth Rs 1 lakh crore are set for completion this year, signifying a transformative phase in Maharashtra’s development. 

 Hybrid Annuity Model (HAM) 

• It is a mix of EPC and BOT-Annuity models. As per the design, the government will contribute 40% of the project cost in the first five years through annual payments (annuity).  
• The remaining payment will be made on the basis of the assets created and the performance of the developer.