section 15
Agreement with Project Entrepreneur.
The Maharashtra Infrastructure Development Enabling Authority Act, 2018Infrastructure201828 sections4 chapters
Chapter III INFRASTRUCTURE PROJECTS DELIVERY PROCESS
Statutory text
- (1) If the Authority and the Project Entrepreneur agrees to the terms and conditions for such Infrastructure Project, the concerned Government Authority or Government Agency or Local Authority may enter into Concession Agreement with the Project Entrepreneur as prescribed which inter alia, shall determine the obligations of the Project Entrepreneur, representations and warranties, penalties, liquidated damages, liabilities, nature of concession and benefits to be granted, etc.
- (2) It shall be binding on the Project Entrepreneur to complete the Project within the period as per the agreement.
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