{"id":124591,"date":"2024-08-03T21:41:52","date_gmt":"2024-08-03T16:11:52","guid":{"rendered":"https:\/\/pwonlyias.com\/stage\/?post_type=current-affairs&#038;p=124591"},"modified":"2025-03-03T11:27:31","modified_gmt":"2025-03-03T05:57:31","slug":"govt-approves-8-national-high-speed-road-corridor-projects","status":"publish","type":"current-affairs","link":"https:\/\/pwonlyias.com\/stage\/current-affairs\/govt-approves-8-national-high-speed-road-corridor-projects","title":{"rendered":"Govt Approves 8 National High-Speed Road Corridor Projects"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Projects spanning a total length of 936 km at and incurring a total capital cost of Rs. 50,655 were approved\u00a0<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">These projects will be implemented using <\/span><b>various <\/b><a href=\"https:\/\/pwonlyias.com\/stage\/pyq\/why-is-public-private-partnership-ppp-required-in-infrastructure-projects-examine-the-role-of-the-ppp-model-in-the-redevelopment-of-railway-stations-in-india-150-words-10-marks\/\"><strong>PPP (Public Private Partnership) mode<\/strong><\/a><span style=\"font-weight: 400;\"><strong>s<\/strong>, including <\/span><b>Build-Operate-Transfer (BOT)<\/b><span style=\"font-weight: 400;\">, <\/span><b>Hybrid Annuity Model (HAM) a<\/b><span style=\"font-weight: 400;\">nd <\/span><b>Engineering, Procurement and Construction (EPC)<\/b><\/li>\n<\/ul>\n<table style=\"width: 100%;\">\n<tbody>\n<tr>\n<th style=\"width: 100%; border-style: solid; border-color: #000000; background-color: rgba(184, 165, 217, 0.53); text-align: left; vertical-align: middle;\">\n<h3><span style=\"font-size: 16pt; color: #000000;\"><b>Public Private Partnership (PPP)<\/b><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">It means an arrangement between a <\/span><b>Government \/ statutory entity \/ Government owned entity<\/b><span style=\"font-weight: 400;\"> on one side and a <\/span><b>private sector entity on the other<\/b><span style=\"font-weight: 400;\">, for the <\/span><b>provision of public assets and\/or public services<\/b><span style=\"font-weight: 400;\">, through i<\/span><b>nvestments being made and\/or management being undertaken<\/b><span style=\"font-weight: 400;\"> by the<\/span><b> private sector entity,\u00a0<\/b><\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"color: #000000;\"><span style=\"font-weight: 400;\">Time Period: It\u2019s for a specified period of time, where there is<\/span><b> well defined allocation of risk between the private sector<\/b><span style=\"font-weight: 400;\"> and the public entity and the private entity who is <\/span><b>chosen on the basis of open competitive biddin<\/b><span style=\"font-weight: 400;\">g.<\/span><\/span><\/li>\n<\/ul>\n<\/th>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span style=\"font-size: 18pt;\"><b>Distinct Project Delivery Models<\/b><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Build-Operate-Transfer (BOT), Hybrid Annuity Model (HAM), and Engineering, Procurement, and Construction (EPC) are three distinct project delivery models used in infrastructure development.<\/span><\/p>\n<p style=\"text-align: center;\"><span class=\"vc_button\"><a href=\"https:\/\/www.pw.live\/batches\/upsc?utm_source=seo+upsc+batch&#038;utm_medium=seo+upsc&#038;utm_campaign=seo&#038;utm_id=upsc\" target=\"_blank\" rel=\"noopener\">Enroll now for UPSC Online Course<\/a><\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-124727 alignright\" src=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a.webp\" alt=\"National High-Speed Road Corridor Projects\" width=\"397\" height=\"437\" srcset=\"https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a.webp 1454w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a-273x300.webp 273w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a-931x1024.webp 931w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a-768x845.webp 768w, https:\/\/pwonlyias.com\/stage\/wp-content\/uploads\/2024\/08\/unnamed-2024-08-05t134512480-66b0a84a5b71a-1396x1536.webp 1396w\" sizes=\"(max-width: 397px) 100vw, 397px\" \/><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Build-Operate-Transfer (BOT): <\/b><span style=\"font-weight: 400;\">In the BOT model, a <\/span><b>private entity (often a consortium)<\/b><span style=\"font-weight: 400;\"> is responsible for the<\/span><b> design, construction, operation, and maintenance of a project <\/b><span style=\"font-weight: 400;\">for a <\/span><b>specified period<\/b><span style=\"font-weight: 400;\">. After this period, the <\/span><b>ownership and operation <\/b><span style=\"font-weight: 400;\">of the project are t<\/span><b>ransferred back to the public sector.<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Applications: <\/b><span style=\"font-weight: 400;\">Widely used for road projects, especially in developing countries where funding constraints exist.<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Engineering, Procurement, and Construction (EPC): <\/b><span style=\"font-weight: 400;\">In the EPC model, a <\/span><b>single contractor <\/b><span style=\"font-weight: 400;\">is responsible for the <\/span><b>design, procurement, and construction <\/b><span style=\"font-weight: 400;\">of the project. The contractor <\/span><b>assumes responsibility<\/b><span style=\"font-weight: 400;\"> for delivering the<\/span><b> project on time<\/b><span style=\"font-weight: 400;\">,<\/span><b> within budget<\/b><span style=\"font-weight: 400;\">, and <\/span><b>to specified quality standards.<\/b>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"2\"><b>Applications: <\/b><span style=\"font-weight: 400;\">Used in a wide range of infrastructure projects, including power plants, industrial facilities, and large-scale construction projects<\/span><\/li>\n<\/ul>\n<\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Hybrid Annuity Model (HAM):<\/b><span style=\"font-weight: 400;\"> The Hybrid Annuity Model combines elements of both public and private financing. The public sector bears some of the financial risks while the private sector handles the construction and operation. Payments are made to the private entity in the form of annuities over a period.<\/span><\/li>\n<\/ul>\n<table style=\"width: 100.026%;\">\n<tbody>\n<tr>\n<td style=\"width: 137.911%; text-align: center; border-style: solid; border-color: #000000;\" colspan=\"2\"><span style=\"font-size: 18pt;\"><b>Must Read<\/b><\/span><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50.5357%; text-align: center; border-style: solid; border-color: #000000;\"><a href=\"https:\/\/pwonlyias.com\/stage\/editorial-analysis\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UPSC Daily Editorials<\/span><\/a><\/td>\n<td style=\"width: 87.3754%; text-align: center; border-style: solid; border-color: #000000;\"><a href=\"https:\/\/pwonlyias.com\/stage\/daily-current-affairs\/\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">UPSC Daily Current Affairs<\/span><\/a><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 50.5357%; text-align: center; border-style: solid; border-color: #000000;\"><a href=\"https:\/\/store.pw.live\/govt-entrance-exams\/upsc-books\/upsc-textbooks?utm_source=SEO&#038;utm_medium=PW+Live&#038;utm_campaign=UPSC+Textbooks\" target=\"_blank\" rel=\"noopener\"><span style=\"font-weight: 400;\">Check Out UPSC NCERT Textbooks From PW Store<\/span><\/a><\/td>\n<td style=\"width: 87.3754%; 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