Tamil Nadu - Bus Shelter on a BOT basis - Sample Concession Agreement

Region
South Asia
Country
India
Publication Year
Jan,2014

 

Draft concession agreement with RFP

 

Parties - IT Expressway Limited (ITEL) and concessionaire

 

Duration - 9 years (including 9 month construction period)

 

Project site - bus shelter locations - possession granted by ITEL to concessionaire

 

Concessionaire to dismantle existing structures and design, build, operate and maintain new bus shelters as specified locations. Design to be reviewed and approved by the Engineer-in-charge (representative of ITEL) who will also inspect works.

 

Concessionaire entitled to keep revenune from advertising space on permitted locations on the bus shelters.

 

Concessionaire to pay concession fee to ITEL.

 

Concessionaire to maintain insurances.

 

Dispute resolution - Arbitration - Chennai

 

Clear, well drafted and concise document - good for municipal level PPP

Last Updated : Sun,2016-11-27