Consider the following statements:
1. Parvatmala (National Ropeway Development Programme) was announced in the Union Budget 2022-23 to improve the security infrastructure of the northern border areas under the Border Roads Organization.
2. The scheme will be launched on PPP-Hybrid Annuity Model, which is a mix of Engineering, Procurement and Construction (EPC) and Build, Operate, Transfer (BOT) models.
Which of the above statement(s) is/are correct?
1
1 only
2
2 only
3
Both 1 and 2
4
Neither 1 nor 2