Chinmaya IAS Academy – Current Affairs Chinmaya IAS Academy – Current Affairs
Introduction: The Hybrid Annuity Model (HAM) is a Public-Private Partnership (PPP) model introduced by the Government of India in 2016. It aims to address the funding challenges in infrastructure development, particularly in the road sector. HAM combines elements of two existing models: Engineering, Procurement, and Construction (EPC): Under EPC, the …
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