Section 18: Coverage of risks in concession agreement or arrangement

The Himachal Pradesh Infrastructure Development Act, 2001State Act of Himachal Pradesh · Act 1 of 2002

(1) The Board shall ensure that any concession agreement or arrangement formulated by the Board under section 14 is in consonance with the parameters given in section 16 and contains all necessary covenants to take care of the risks associated with the concerned project.

(2) The concession agreement or arrangement shall strive for the optimum contractual structure with regard to the need to balance the risks of stakeholders, maximize efficiency and minimize costs as may be prescribed by regulations.

Where this provision sits

Act	The Himachal Pradesh Infrastructure Development Act, 2001
Section	18
Marginal note	Coverage of risks in concession agreement or arrangement
Jurisdiction	State of Himachal Pradesh
Status	In force as published by the source

Find the provision, not just read it

The full text above is free, and it stays free. What a free CourtMesh account adds is everything you cannot do by reading one page at a time:

Search 49,000+ Central and State enactments by what a provision says, not by its number
Jump from any section to every judgment that has applied it
Search 300 million+ Indian court records alongside the statute
Ask a research agent to find and read the case law on a provision for you

Free account. No card. About a minute to create.

Create a free account

Need this as data, not as a page? The Himachal Pradesh Infrastructure Development Act, 2001 is one of 49,000+ enactments on CourtMesh. The Indian court cases API serves the case law that cites these provisions over JSON, with API documentation and plans and pricing. See also the judgment library.