Vidhi Codex

The Punjab Infrastructure (Development and Regulation) Act, 2002

The Punjab Infrastructure (Development and Regulation) Act, 2002

Infrastructure200257 sections3 chapters

This law establishes a framework for developing and regulating infrastructure projects in Punjab by encouraging private participation. It creates a regulatory authority and a development board to oversee the process, which includes awarding concessions to private companies for building, maintaining, or operating facilities like roads and utilities. The Act aims to attract private investment and financial sources other than the state budget to improve public infrastructure, ensuring projects are commercially viable and managed efficiently through clear agreements and regulations.

Start reading →Read full ActSections

Chapter I PRELIMINARY →

  1. 1Short title and commencement
  2. 2Definitions
  3. 3Private participation

Chapter III PUNJAB INFRASTRUCTURE REGULATORY AUTHORITY →

  1. 4Establishment of the Authority
  2. 5Composition of the Authority
  3. 6Powers of Chairperson and Vice- Chairperson
  4. 7Term of office and conditions of service of the Chairperson, Vice-Chairperson and other members
  5. 8Removal and suspension of the Chairperson, Vice-Chairperson and member from office in certain circumstances
  6. 9Meetings
  7. 10Vacancies not to invalidate proceedings of the Authority.
  8. 11Officers and other employees of the Authority.
  9. 12Finance, accounts and audit.
  10. 13Furnishing of returns to the Legislative Assembly.
  11. 14Functions of the Authority.
  12. 15Authority to have powers of a Civil Court.
  13. 16Proceedings before the Authority shall be deemed to be Judicial Proceedings.
  14. 17Power of Authority to make Regulations.
  15. 18Establishment of the Board.
  16. 19Vacancies not to invalidate proceedings of the Board.
  17. 20Functions and Powers of the Board.
  18. 21Sectoral Sub-Committee and Project Implementation Sub-Committee.
  19. 22Finance, accounts and audit of the Board.
  20. 23Officers and employees of the Board.
  21. 24Powers of the Board to make bye-laws.
  22. 25Levy of fee
  23. 27Constitution of the Development Fund
  24. 28Project identification and prioritisation
  25. 29Procedure for public hearing
  26. 30Finalisation of the scope, fundings and structuring of infrastructure project
  27. 31Feasibility Report
  28. 32Public bidding for the project
  29. 33Pre-bid or pre-qualification stage
  30. 34Bidding Stage
  31. 35Grant of concession
  32. 36Negotiations of contracts
  33. 37Unsolicited proposals
  34. 38Development through Special Purpose Vehicles
  35. 39Execution of Concession Agreement
  36. 40Tariff
  37. 41Assignment
  38. 42Feasibility and viability of finalised infrastructure projects and granted concession
  39. 43Termination of the Concession Agreement.
  40. 44Appeals from the orders of Authority.
  41. 45Penalties for contravention of directions of Authority.
  42. 46Powers of State Government to make rules.
  43. 47Power to issue directions.
  44. 48Subsidy.
  45. 49Chairperson, Vice-Chairperson, members, officials and employees of the Authority and the Board deemed to be public servants.
  46. 51Protection of action taken in good faith.
  47. 52Power to remove difficulties.
  48. 53Power to amend the Schedule.
  49. 54Repeal and saving.
  50. 55Over-riding effect on other laws.
  51. 56Bar of jurisdiction of civil courts.

Chapter VIII APPEAL AND OTHER MISCELLANEOUS PROVISIONS →

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