Road Concession Agreement - Example 2 - concession agreement for development of upgardes to an existing road prepared for project in LAC by international law firm (2001). This document was extensively negotiated and is project specific. Care should be taken before replicating any of the provisions of the agreement - in particular those referred to in summary and annotation. The Concession envisages the creation of a Toll Regulator by statute but many issues are referred to an Expert. If the Regulator does not grant toll increases up to the Capped Toll Level as indexed in accordance with the Concession then Grantor has to pay balance. This may limit circumstances where the contract as drafted would be applicable.