@pinskia yeah, interesting question! I definitely meant it as, you are a single developer and you are maintaining a project solo. How much time would that take?
I think you would use this kind of estimate when you were deciding to launch a new project, say. "Can I afford to spend X hours per month on a new project?"
Or if you were applying for a grant or stipend to cover your work on the project. "I spend X hours per month on this, so at my billing rate of $Y per hour I'd need $X*Y."