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The document discusses compensation amounts for the termination of a concession agreement before and after the commencement of operations date. It outlines different payment milestones as percentages of debt due or bid cost that would be owed if termination occurred before operations started, and specifies that 65% of the remaining annuities plus interest would be owed if termination happened after operations commenced.

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34 views2 pages

Sheet 15 - 28

The document discusses compensation amounts for the termination of a concession agreement before and after the commencement of operations date. It outlines different payment milestones as percentages of debt due or bid cost that would be owed if termination occurred before operations started, and specifies that 65% of the remaining annuities plus interest would be owed if termination happened after operations commenced.

Uploaded by

chtrp
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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S No Concession Covenant

28 Termination Events &


Compensation
Details
Concessionaire Event of Default
§ Prior to COD
P 1st Payment Milestone = NIL
P 2nd Payment Milestone = 50% Debt Due or 9% of Bid Cost
whichever is lower
P 3rd Payment Milestone = 60% Debt Due or 16% of Bid Cost
whichever is lower
P 4th Payment Milestone = 70% Debt Due or 24% of Bid Cost
whichever is lower
P 5th Payment Milestone = 80% Debt Due or 32% of Bid Cost
whichever is lower
§ If termination happens in between milestones then last achieved
milestone shall be considered
§ At or after COD
P 65% of balance annuities to be paid including interest thereon

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