MINUTES OF THE PRE-BID MEETING HELD ON 09.08.2010for 24 ...
MINUTES OF THE PRE-BID MEETING HELD ON 09.08.2010for 24 ...
MINUTES OF THE PRE-BID MEETING HELD ON 09.08.2010for 24 ...
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service fees be calculated and whether the financialyear or the subsequent anniversary of COD shall betaken for assessment of such revision?137 Clause 30 of DCA Change in lawHow the any increase/decrease in any taxes, duties orintroduction of new taxes shall be regulated during theconcession period. There is no provision ofsubsequent legislation in the DCA,There is no rescue for Change in Law which generallypart of Concessions. The Authority has substantiallyleft the risks associated with Change in law forConcessionaire to bear. Suitable safeguards arerequested to protect the Concessionaire for loss ofreturn originally foreseen at Bid Stage.138 Clause 43.3 of DCA Property TaxThe concessionaire is not the actual owner of theproject / facility. Why should the concessionaire payProperty tax to the government?139 Clause 43.4 of DCAThe Concessionaire shall not ………forth in thisAgreement.The Concessionaire may sublicense or sublet space forcommercial advertising, display or hoarding at anyplace in terms of provisions in clause 17.15. Kindlyconfirm.140 Clause 48 of DCADefinition – „Financial Close‟ ……… the FinancingAgreementsNo changeNo changeYesDefinition of Financial Close is clear. No change.34