The Government shall consider the proposal submitted by the Government Agency or Local Authority and the proposed Concession Agreement and either accept the proposal and Concession Agreement with or without modification or return the proposal and Concession Agreement to the Government Agency or the Local Authority for reconsideration or reject the proposal within such time as may be prescribed.
The Government Agency or the Local Authority will take suitable action on the decision taken by the Government on the proposal and the Concession Agreement including revising and resubmitting the proposal and the Concession Agreement if returned by the Government for reconsideration by the Government Agency or the Local Authority.
Provided that if the Bidder whose proposal submitted for sanction is not in a position to implement the project, the Government may at the request of the Government Agency or the Local Authority 5[* * * *] consider the proposal of the Bidder offering the second most competitive bid for sanction.
1. Clauses (w), (x), (aa) and (bb) omitted by Act 3 of 2017, Sec.5.
2. Sec.11 and Sec.12 omitted by Act 3 of 2017, Sec.6.
3. Sec.14 substituted by Act 3 of 2017, Sec.7.
4 Sec.15 and Sec.16 omitted by Act 3 of 2017, Sec.8.
5. The words ‘with the approval of the Infrastructure Authority’ omitted by Act 3 of 2017, Sec.9.