Building Blocks

Standard concession agreements are being drawn up for the road sector, spelling out the financial, technical and legal A to Zs for potential private developers.rnrn

Concession agreements spell out government policy in areas such as how many years a developer operates a project, to government concessions and guidelines on tolling.rn

rnldblquote Concession agreements will form a firm basis and guide the government in tendering for large highway projects for private development
dblquote , one state official said.rn

rnTwo consulting firms are being hired within the month to develop the draft agreement, officials say, with the Asian Development Bank (ADB) also offering technical assistance.rn

rnldblquote We have a consultant from India who has been involved in preparatory work, drawing on his experience in India where this has been very successful
dblquote , ADB Country Director, John Cooney told LBO.rn

rnldblquote The second phase of this technical assistance will be to actually put together