General powers of the Corporation

General powers of the Corporation:

1. (1) Subject to the provisions of this Act, the Corporation shall have power:
   • (a) to acquire and hold property, both movable and immovable, as the Corporation may deem necessary for the performance of any of its functions and to lease, sell or otherwise transfer any property held by it;
   • (b) to purchase by agreement or to take on lease or under any form of tenancy any land and to enter into any contract;
   • (c) to execute works and to do all things necessary for the purposes of this Act;
   • (d) to incur expenditure and undertake any work in any area of the State for the framing and execution of such road development schemes as it may consider necessary from time to time;
   • (e) to cause surveys and studies to be made and plans and estimates to be prepared for the implementation of the road development schemes;
   • (f) to direct and supervise the execution of any road development scheme;
   • (g) to enter into contracts or arrangements with any Government, local authority, or person as the Corporation may deem necessary for performing its functions;
   • (h) to do all such other things as may be necessary or expedient for the purposes of carrying out its functions under this Act;
     • (i) to levy and collect tolls on roads, bridges and such other assets/infrastructure and to retain the proceeds thereof for the purposes of this Act.
2. (2) The Corporation shall have the power to borrow money from the Government or from any financial institution or through the issue of bonds, debentures or such other instruments, as it may deem fit, for the development of roads and for the purposes of this Act.