Hybrid Annuity Road Project - 2

The Phase I Highway Asset Management (HAM) project was implemented by the Government of Maharashtra (GOM) in 2016. Under this initiative, the government provided 60% of the project cost during construction, while the remaining 40% was funded by private players, with the recovery mechanism based on annuity payments. As of now, out of the total 10,000 kilometers planned for development, 8,600 kilometers have been successfully completed.