Chief Minister Initiates Foundation Laying for Significant Road Infrastructure Enhancement using HAM Model

New HAM Model Set to Enhance Over 13,500 km of Roads Under R&B and PR

In a significant development for road infrastructure, the government has announced the implementation of a new Hybrid Annuity Model (HAM) that will cover more than 13,500 kilometers of roads managed by the Roads and Bridges (R&B) and Public Realm (PR) sectors. This model is designed to accelerate the construction and maintenance of roads, aiming to improve connectivity and enhance transportation efficiency across regions.

The Hybrid Annuity Model combines both engineering and financial principles to ensure sustainability and reduced financial burden on public resources. Under this model, a portion of the construction cost will be paid upfront, while the remaining amount will be disbursed as annuities over a specified period, motivating developers to maintain the quality of roads.

This initiative aligns with the governments broader strategy to upgrade national infrastructure and respond to increasing demands for better roadway systems. It is expected to attract private investment, thereby bolstering economic growth through improved logistics and mobility.

Officials noted that the focus will not only be on road construction but also on integrating features that contribute to safer and more environmentally friendly transportation. The government plans to monitor the implementation closely to ensure that the outcomes align with strategic vision and public interest.

Further details, including timelines for project commencement and specific routes to be covered, are anticipated to be announced in the coming weeks.