section 11
Financial security for operation and maintenance of transport facility.
The Kerala Road Fund Act, 2001Infrastructure200130 sections
Statutory text
Where a provision is made in a concession agreement requiring the concessionaire to operate and maintain the transport facility constructed by him for a period as specified in such agreement, there shall be opened an escrow account by the concessionaire and the money shall be expended for the maintenance of the transport facility only in accordance with the provision in the concession agreement or in any other agreement.
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