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From Bhawna Agarwal: [email protected]. Sign in. Password recovery. Forgot your password? Get help. Table of Contents. E-signatures : the legal validity. Law concerning the recruitment and firing of workers. Please enter your comment! Please enter your name here. You have entered an incorrect email address! Powered by iPleaders. Register now Name. Specify Occupation. Through this agreement, the skills and assets of each sector public and private are shared in delivering a service or facility for the use of the general public.
We serve both private and public entities on PPP financing, origination, development, operations, and stakeholder and regulatory management. The government has decided to switch to the conventional engineering, procurement and construction EPC model to award contracts in the case of eight projects totalling R4, crore, which were earlier to be constructed under the build, operate and transfer route. The projects are a mix between ones that did not elicit any bids from private parties as their cost was too high and thus seen as unviable and a few that were terminated by the government due to lack of interest shown by the developers concerned.
Though the National Highways Authority of India NHAI has officially adopted the stance of late that more projects would be awarded through the EPC mode largely due to investor apathy, these eight projects would be the first where the mode would be switched after the Cabinet recently allowed the road ministry to change the mode without its approval. The operator is responsible for the design and the construction as well as operations and so if parts need to be replaced during the operations period prior to its assumed life span the operator is likely to be responsible for replacement.
This section does not address the complex array of finance documents typically found in a Concession or BOT Project. The chart below shows the contractual structure of a typical BOT Project or Concession, including the lending agreements, the shareholder's agreement between the Project company shareholders and the subcontracts of the operating contract and the construction contract, which will typically be between the Project company and a member of the project company consortium.
The payment stream may be in part or completely through tariffs from the general public, rather than from an offtake purchaser. For more information about finance agreements, visit the Finance section. Download Page as PDF.
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