(i) Concession Agreement means the agreement of the nature and parameter specified in Schedule II that may be entered by and between the Concessionaire and the State Government, the Government Agency or the Specified Government Agency; (5) The Board shall ensure that any Concession Agreement or arrangement formulated by Board is in consonance with the nature and parameters given in Schedule II and contains all necessary covenants to take care of the risks associated with the concerned Bankable Project and that 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.
Schedule: Schedule II (See Section 2 (i) 24 (5))
The Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011)State Act of Meghalaya · Act 11 of 2011
Where this provision sits
| Act | The Meghalaya Infrastructure Development Finance Board Act, 2011 (Act No. 11 of 2011) |
|---|---|
| Marginal note | Schedule II (See Section 2 (i) 24 (5)) |
| Jurisdiction | State of Meghalaya |
| Status | In force as published by the source |
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