(1) Without prejudice to the provisions of section 3 of this Act, it shall be lawful for the State Government to lease the collection of toll on a bridge or road or road project to authorize for such collection, -
(i) to any person by invitation of bids for a period, as decided by the State Government, where such road project was constructed, developed, operated and/or maintained by the State Government or under any private funded project and deposit of agreed amount with the authority under the contract agreement or to be paid an amount out of total collection, as may be agreed upon under the aforesaid agreement; or
(ii) to a person, who invested his own money for construction, development, operation and maintenance 1 Substituted by Punjab Act No. 2 of 2014, Section 4 Power to lease or authorized the collection of toll.
of such road project for the agreed period and at the agreed rate under the concession agreement and in such a case, the lessee will retain the amount of toll, collected to the extent, as agreed upon under the aforesaid agreement; or
(iii) to a person, who invested his own money for operation and maintenance of such road project for the agreed period and at the agreed rate under the concession agreement and in such a case, the lessee will retain the amount of toll, collected to the extent, as agreed upon under the aforesaid agreement.
(2) Where the collection of toll has been leased under subsection (1), any person employed by the lessee shall, subject to the conditions of lease, exercise the powers and perform the duties conferred and imposed on the Fee Inspector under this Act or the rules made thereunder.
(3) The lessee and all the persons employed by him in the management and collection of toll shall be bound by the orders made by the authority:
Provided that any order, which affects the terms and conditions of a concession agreement or contract agreement, as the case may be, shall be made with the prior approval of the State Government.]