Private sector participation agreement

§137A

Summary

1[137-A.(1) Notwithstanding anything to the contrary contained in any other provisions of this Act, a Municipal Corporation may, in the discharge of its functions specified in sections 114 and 115,-- (a) promote the undertaking of any project for supply of urban infrastructure or services by participation of a person, company, firm society, trust or anybody corporate or any institution, or Government agency or any agency under any other law for the time being in force, in financing, construction, maintenance and operation of such projects of a Municipal Corporation irrespective of its cost ; (b) consider and approve the undertaking of any project relating to urban infrastructure or services by a person or company, or firm or society, or body corporate, or institution, or Government agency or any agency in terms of a private sector participation agreement or jointly with any such agency; and (2) Without prejudice to the generality of the foregoing provisions of this section, such agreements include the following; (a) Build-Own-Operate-Transfer Agreement; (b) Build-Own-Operate-Maintain Agreement; (c) Build and Transfer Agreement; (d) Build-Lease-Transfer Agreement; (e) Build Transfer Operate Agreement; (f) Lease and Management Agreement; (g) Management Agreement; (h) Rehabilitate Operate-Transfer Agreement; (i) Rehabilitate-Own-Operate-Maintain Agreement; (j) Service Contract Agreement; and (k) Supply-Operate-Transfer Agreement. (3) in the discharge of its obligations for providing urban infrastructure and services in relation to water supply, drainage and sewerage, solid waste management, urban, transport, parks, playgrounds, health and hygiene, recreation and community centers and other civic amenities and facilities and commercial infrastructure, the Municipal Corporation may, wherever considered appropriate in the public interest, -- (a) discharge any of its obligations on its own; or (b) enter into any private sector participation agreement.]

1[137-A.(1) Notwithstanding anything to the contrary contained in any other provisions of this Act, a Municipal Corporation may, in the discharge of its functions specified in sections 114 and 115,-- (a) promote the undertaking of any project for supply of urban infrastructure or services by participation of a person, company, firm society, trust or anybody corporate or any institution, or Government agency or any agency under any other law for the time being in force, in financing, construction, maintenance and operation of such projects of a Municipal Corporation irrespective of its cost ; (b) consider and approve the undertaking of any project relating to urban infrastructure or services by a person or company, or firm or society, or body corporate, or institution, or Government agency or any agency in terms of a private sector participation agreement or jointly with any such agency; and (2) Without prejudice to the generality of the foregoing provisions of this section, such agreements include the following; (a) Build-Own-Operate-Transfer Agreement; (b) Build-Own-Operate-Maintain Agreement; (c) Build and Transfer Agreement; (d) Build-Lease-Transfer Agreement; (e) Build Transfer Operate Agreement; (f) Lease and Management Agreement; (g) Management Agreement; (h) Rehabilitate Operate-Transfer Agreement; (i) Rehabilitate-Own-Operate-Maintain Agreement; (j) Service Contract Agreement; and (k) Supply-Operate-Transfer Agreement. (3) in the discharge of its obligations for providing urban infrastructure and services in relation to water supply, drainage and sewerage, solid waste management, urban, transport, parks, playgrounds, health and hygiene, recreation and community centers and other civic amenities and facilities and commercial infrastructure, the Municipal Corporation may, wherever considered appropriate in the public interest, -- (a) discharge any of its obligations on its own; or (b) enter into any private sector participation agreement.]

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