(1) The Authority shall have the power to enter into any agreement or contract or sub-contract with a public or private institution for the development of any infrastructure or transport system as may be decided by the Authority or as is provided for in any plan made by the Authority. Besides, the Authority shall have power to monitor public safety on these contracted public services and to give directions to the departments concerned.
(2) For the use of infrastructure development or the transport system or services connected thereto, developed as provided in sub-section (1), the Authority shall have the power to fix and notify the fees or user charges that may be levied under such agreement or contract. The Authority shall have the power to vest the concessionaire or licensee or contractor or sub-contractor, as the case may be, with the power to collect and appropriate such fees or user charges in accordance with the terms stipulated in the relevant arrangement entered into in this regard. The Authority shall have the power to exempt totally or partially or to grant concessions, as it deems fit, with respect to fees or user charges:
Provided that no such fee or user charge shall be fixed or notified by the Authority without the prior approval of the State Government.
(3) The Authority may make regulations, orders or give instructions, as it may consider necessary, for entering into various arrangements referred to under sub-section (1).
(4) The receipts from such arrangements shall be credited to the Fund.