Q1. With reference to infrastructure financing in India, the term 'Hybrid Annuity Mode (HAM)', under which the greenfield road connectivity to Noida International Airport has been approved, refers to which one of the following?
- A. A public-private partnership model in which the Government funds about 40% of the project cost during construction and the concessionaire raises the remaining 60%, recovered through deferred annuity payments by the Government
- B. A model in which the private concessionaire bears 100% of the capital cost and recovers it solely through user tolls during the concession period
- C. An Engineering, Procurement and Construction contract in which the Government bears the entire capital cost and the contractor's role is restricted to execution
- D. A 'Swiss Challenge' mechanism under which unsolicited private proposals are subjected to competitive counter-bidding before award