Chapter VII Infrastructure Projects

A Regional Development Authority may identify or conceptualise any infrastructure project and after carrying out the necessary studies and evaluations, implement such infrastructure project directly through its own resources or undertake it through public private partnership: Provided that an infrastructure project where the project cost envisaged is above rupees two hundred and fifty crores shall be undertaken subject to the approval of the State Government.

1. (1) The nature of a concession agreement shall be such as specified in the Schedule.
2. (2) The State Government may, by notification in the Official Gazette, amend the Schedule by inserting therein, or by omitting therefrom, any entry or any part thereof and on the publication of the notification such entry or part shall be deemed to be specified in, or as the case may be, omitted from, the Schedule.
3. (3) Any concession conferred under the concession agreement shall be for a period not exceeding thirty years after which all rights and interests of the concessionaire shall stand transferred to the Regional Development Authority: Provided that if the Regional Development Authority is satisfied with the performance of the concessionaire, the concession agreement may be extended by the Regional Development Authority for a period not exceeding fifteen years on such terms and conditions as may be laid down in the regulations.
4. (4) Every notification issued under this section shall be laid, as soon as may be after it is issued, before the House of the State Legislature

All infrastructure projects undertaken in accordance with the provisions of this Chapter shall, subject to the covenants of the Concession Agreement, vest in the Regional Development Authority