Latest news with #ConcessionaireHybridAnnuityModel
Hans India
26-05-2025
- Business
- Hans India
281 AMRUT 2.0 projects will be taken up with Rs 10,251 cr
Vijayawada: The government accorded administrative sanction for an amount of Rs 10,251.72 crore for the implementation of 281 AMRUT 2.0 Projects works in Urban Local Bodies (ULBs) in the State. The works will be taken up under the Concessionaire Hybrid Annuity Model (CHAM) with the following mode of Finance. Both the State and Central governments are trying to implement AMRUT 2.0 project schemes to supply drinking water to the people. Andhra Pradesh Urban Finance and Infrastructure Development Corporation (APUFIDC) is the nodal agency for supervising the works. Principal Secretary of the department of Municipal Administration and Urban Development S Suresh Kumar issued orders for the implementation of AMRUT 20 scheme. The share of the Central government is Rs 2,470.56 crore, while that of the AP government is Rs 2,490.72 crore. Urban Local Bodies share is Rs 590.97 crore; the 15th Finance Commission Grant is Rs 924.78 crore, capital expenditure is Rs 6,477.03 crore, operational expenditure by ULBs is Rs 1,498.97 crore, project cost is Rs 7,976 crore and interest component to concessionaire is Rs 2,275.72 crore. The Total project cost is estimated at Rs 10,251.72 crore. The department of Municipal Administration and Urban Development has adopted Concessionaire Hybrid Annuity Model (CHAM) to implement the AMRUT 2.0. Concessionaire Hybrid Annuity Model (CHAM) is an innovative financing mechanism for undertaking various infrastructure works/ projects (especially, without any revenue from the project operations) that are otherwise dependent on budgetary allocations. This can also be applied to PPP projects requiring major portion of Viability Gap Funding, which can be arranged through CHAM mechanism. The overall objective is to fast track project implementation under new fund flow mechanism of GOI titled 'SNA-SPARSH' for all the Centrally Sponsored Schemes (CSS). The Government of India has initiated new method of funding called 'SNA-SPARSH' for Central Sponsored Schemes (CSS) wherein, it is mandated for release of matching share of State and ULBs upfront, for tapping/ release of GOI proportionate share. However, due to the critical financial situation of the State, where matching share is not available in the treasury immediately and there is no scope of going for fresh borrowings because of the FRBM limits. In view of this, MA&UD Department devised a new financing mechanism titled 'CHAM' (Concessionaire Hybrid Annuity Model) to use the internally generated project funds and the remaining balance provided by the Contractor/ Concessionaire in the form of 'Concessionaire Support'(C.S.) towards State/ ULB share.
Time of India
16-05-2025
- Business
- Time of India
Amrut-2: New drinking water project for Guntur
Guntur: In a move to address the growing drinking water needs of the city, state govt has given green signal to take up new drinking water project under Amrut-2 scheme . The project will be taken up with a cost of 330 crore under Concessionaire Hybrid Annuity Model (Cham). The govt has moved to Cham in order to lessen its burden. The contract agency will take up the project with its own funds and recover the amount with annual interest in a phased manner after completion of the project. The govt had also set a condition that the contract agency would be responsible for the maintenance of the project for 10 years. The govt would not pay any additional charges towards maintenance of the scheme. Meanwhile, the GMC proposed to construct a new filtration facility near Gorantla village. About 16 acres of land has been earmarked for the new project. The city's entire drinking supplies depend on the existing filtration facility in Takkellapadu reservoir located on the outskirts of the city. The facility has a capacity to treat about 130 megaliters per day (MLD) water while another plant at Sangam Jagarlamudi village has capacity of 13 MLD. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like La Libertad: Calcula cuánto podrías ganar invirtiendo solo $100 en Amazon CFD Market Sunny Reservar Ahora Undo However, the GMC is unable to tap more than 100MLD from both the plants while the city's requirements shot up to nearly 160-200 MLD. The civic authorities are anticipating that the city's drinking water requirements will further increase in the coming days particularly in the wake of development of capital city. With Guntur and Vijayawada being the nearest cities to the capital city, people are likely to migrate to cities in view of the existing infrastructure such as healthcare and educational institutions. "We are planning the new scheme keeping in view the requirements of the city for another two to three decades," said commissioner Puli Srinivasulu. In fact, the residents in the 10-villages that were merged into Guntur city about a decade ago, were unable to fetch sufficient drinking water from the civic body's facilities. The GMC planned an over-head reservoir on a hillock near Gorantla with a view to supply water to the neighbouring area via gravity..
