Assistance by Government, etc.

The Government, or a Government agency, or the Board or the statutory body may provide to a concessionaire or a Government agency or to a statutory body assistance for the financing and construction of a transport facility in the following manner, namely:- (a) Funded assistance by,- (i) participating in the equity of the transport facility not exceeding forty-nine per cent of the total equity; (ii) providing subsidy not exceeding twenty-five per cent of the cost of the transport facility; (iii) extending senior or subordinate loans; or (iv) such other manner as may be prescribed. (b) Non-funded assistance by,- (i) guaranteeing in respect of liability arising out of a concession agreement; (ii) conferring of development rights in respect of any land; or (iii) such other manner as may be prescribed. (c) Other assistance by,- (i) opening and operation of escrow account; (ii) providing assistance in obtaining project support from the Government in the form of Government signing a State Support Agreement; (iii) providing assistance in the form of exemption from the payment of, or facilitating deferred payment of any tax or fee levied by the Government under any law; or (iv) such other manner as may be prescribed.