The Government, or a Government agency, or the Board or the statutory body may provide to a concessionaire or a Government agency or to a statutory body assistance for the financing and construction of a transport facility in the following manner, namely:- • 0
(a) Funded assistance by,-
(u)
(iti)
(iv) • partici.Ji>ating in the equity of the transport facility not exceedtng forty-nine per cent of the total equity, providing subsidy not exceeding twenty-five per cent of the cost of the transport facility; · extending senior or subordinate loans; or such other manner as may be prescribed.
(b) Non-funded assistance by,-
(i) guaranteeing in respect ofliability arising out of a concession agreement;
(ii) conferring of development rights in respect of any land; or
(iu) such other manner as may be prescribed.
34fl3l8f2Q02/MC.
146
(c) Other assistance IJy,-
(1) opening and operation of escioW accow1t;
(u) providmg assistance 111 oiJtaming project suppo1 t from the Government m the form of Government signing a State Support Agreement;
(m) pwvidmg assistance In the form of exemption from the payment of, or iac1htaUng deferred paym cut of any taX or lee levied by the Government ~under any law, or (1v) such other manner as may be prcscnbed.
11 . Fznatuial secunty for operatiotl and mamtenance if transport Jacilzty. Where a provlSlon IS made m a concessiOn ag1eemcnt requ1nug the concessio narrc to operate and mamtam the transport, facility constructed by him for a penod as spcC!hcd m such agreement, there shall be opened an escrow account by the concess10narre and the money shall be expended for the mamtenance of the transport facd..1ty only m accordance With tile provlSlon m the concessiOn agreement or In any other agreement.