The Punjab Common Infrastructure (Regulation and Maintenance) Act, 2012

The Punjab Common Infrastructure (Regulation and Maintenance) Act, 2012

Infrastructure201222 sections

This Act establishes a legal framework for managing shared facilities like roads, water systems, and parks within industrial zones in Punjab. It applies to all industrial areas, including those already transferred to local government, and creates a Special Purpose Vehicle made up of the people who own or lease plots in these areas. This body is responsible for maintaining the infrastructure and collecting service charges to cover costs. The law ensures that these essential services are provided efficiently and maintained properly on a no-profit, no-loss basis, benefiting the industrial community and supporting the state's economic development.

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