the boot regulation 2064

7/25/2019 The BOOT Regulation 2064

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The Regulations

On

Private Financing in Build and Operation of Infrastructures,

2064 (200!

"ate of Pu#lication in $epal %a&ette

2064/06/03 (20 September 2007)

In exercise of the powers conferred by Section 49 of the Act on

ri!"te #in"ncin$ in %&i'd "nd per"tion of Infr"str&ct&res 2064

(2007) *o!ernment of +ep"' h"s fr"med the fo''owin$ r&'es,

'hapter)

Preli*inar+

) -hort title and co**ence*ent.(-) .hese r&'es m"y be citied "s

the e$&'"tion on ri!"te #in"ncin$ in %&i'd "nd per"tion of

Infr"str&ct&res 2064 (2007),

(2) .his e$&'"tion sh"'' commence "t once,

2 "efinitions. 1n'ess the s&bect of the context otherwise re&ires

in this e$&'"tion

(") Act me"ns the Act on ri!"te #in"ncin$ in %&i'd "nd

per"tion of Infr"str&ct&res 2064 (2007),


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(b) 5!"'&"tion committee me"ns the 5xpression of Interest

"nd propos"' e!"'&"tion committee formed p&rs&"nt to

&'e 24,

'hapter2

Provisions Relating to Pro/ect pproval

1 To *aintain updated details of pro/ect. (-) .he inistry sh"''

on s&$$estion of the ommittee m"int"in &pd"ted det"i's of the

proects to be imp'emented p&rs&"nt to Section 3 of the Act,

(2) 8hi'e &pd"tin$ the det"i's p&rs&"nt to s&br&'e (-)

the inistry m"y "'so specify the priority of proects "s per

necessity,

4 To cause the pro/ect to #e approved. If the inistry deems

"ppropri"te to imp'ement "ny proect it sh"'' m"e " s&bmission

settin$ o&t the fo''owin$ det"i's to *o!ernment of +ep"' for the

"ppro!"' thereof,

(") +"me of the proect:

(b) "tter "s to which of the modes mentioned in Section

3 of the Act is to be "pp'ied to imp'ement the proect:

(c) 8hether or not the proect is inc'&ded in the

"ppro!ed po'icy "nn&"' pro$r"mme or c&rrent fi!e

ye"r p'"n of *o!ernment of +ep"':

(d) 8hether or not the proect c"n be imp'emented by

*o!ernment of +ep"': if not the re"sons thereof:

(e) *ro&nds showin$ possibi'ity "nd "ppropri"teness to

imp'ement the proect on pri!"te fin"ncin$:


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(f) 8hether or not "ny ind of "ssist"nce is so&$ht from

" donor "$ency for the imp'ement"tion of proect: if

so&$ht whether or not s&ch "n "ssist"nce is recei!ed:

($) 8hether or not the proect h"s been s&r!eyed: "nd if

s&r!eyed the estim"ted cost thereof:

(h) If "ny proect which is "'re"dy b&i't or is in &nder

constr&ction is to be oper"ted on pri!"te fin"ncin$:

the existin$ sit&"tion thereof:

(i) If more th"n one proect of the simi'"r n"t&re "re to

be imp'emented the priority thereof:

() ther necess"ry m"tters,

To approve pro/ect; (-) If the proect recei!ed p&rs&"nt to &'e

4 deems possib'e "nd "ppropri"te to imp'ement on pri!"te

fin"ncin$ *o!ernment of +ep"' sh"'' "ppro!e s&ch " proect to do

so,

(2) If it is whi'e m"in$ "ppro!"' p&rs&"nt to S&br&'e

(-) deemed "ppropri"te to imp'ement more th"n one proect of

the s"me n"t&re &nder "ny inistry *o!ernment of +ep"' sh"''

"'so specify the priority of s&ch proects,

(3) rior to $i!in$ "ppro!"' to imp'ement the proect

p&rs&"nt to S&br&'e (-) *o!ernment of +ep"' m"y if it deems

necess"ry in&ire the inistry "bo&t "ddition"' m"tters pert"inin$

to the proect,

(4) *o!ernment of +ep"' sh"'' if it deems necess"ry tost&dy "ddition"' m"tters pert"inin$ to "ny proect correspond the

s"me to the concerned inistry,

(


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'hapter1

Provisions Relating to 3pression of Interest and Proposal

6 Re5uiring the docu*ents relating to 3pression of Interest andproposal to #e prepared. %efore in!itin$ the 5xpression of Interest

"nd propos"' the inistry sh"'' prep"re the doc&ments on the

fo''owin$ m"tters;

(") =et"i's of the proect:

(b) oncept on the minim&m desi$n of the proect

oper"tion"' st"nd"rds "nd specific"tions:

(c) Short det"i's of the s&r!ey or "ny other ind of st&dy

thereof if "ny:

(d) =et"i'ed $ro&nds for the e!"'&"tion of the 5xpressions

of Interest "nd propos"'s:

(e) Instr&ctions to be $i!en to the person s&bmittin$ the

5xpression of Interest "nd propos"':

(f) "in terms of the "$reement to be m"de with

the proponent for the imp'ement"tion of the proect

(h) ther necess"ry m"tters,

To invite an 3pression of Interest.#or the imp'ement"tion of

the proect "ppro!ed p&rs&"nt to &'e


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(c) >&"'ific"tions of the person s&bmittin$ the 5xpression

of Interest:

(d) .he inistry where the doc&ments re'"tin$ to the

5xpression of Interest m"y be p&rch"sed from "nd the

fees to be ch"r$ed therefor:

(e) .he m"nner de"d'ine time "nd p'"ce for the

s&bmission of the 5xpression of Interest:

(f) .he d"te time "nd p'"ce for the openin$ of 5xpression

of Interest:

($) .he $ro&nds for se'ectin$ the 5xpression of Interest:

(h) 5xpected d"te for m"in$ decision on the 5xpression

of Interest:

(i) ther necess"ry m"tters,

Purchasing fees for 3pression of Interest docu*ents..wenty

tho&s"nd r&pees sh"'' be ch"r$ed "s fees whi'e p&rch"sin$ the

5xpression of Interest doc&ments,

7 To su#*it 3pression of Interest.(-) A person who intends to

s&bmit the 5xpression of Interest sh"'' p&rch"se the 5xpression of

Interest doc&ments be"rin$ the se"' of the inistry "nd the

si$n"t&re of the concerned offici"' "nd s&bmit to the inistry "

se"'ed 5xpression of Interest by fi''in$ &p therein the det"i's "s

mentioned in the doc&ments "nd "'so settin$ o&t inter "'i" the

m"tters mentioned in S&bsection (2) of Section 4 of the Act,

(2) If the 5xpression of Interest is recei!ed p&rs&"nt to S&b

r&'e (-) the inistry sh"'' re$ister the 5xpression of Interest "nd

$i!e " receipt thereof to the person s&bmittin$ the 5xpression of

Interest,

)0-election of the persons su#*itting 3pressions of Interest. (-)8hi'e se'ectin$ the person s&bmittin$ the 5xpression of Interest


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by the inistry se'ection sh"'' be m"de on the $ro&nds of the

technic"' "nd fin"nci"' c"p"city "nd experience of s&ch " person,

#or th"t p&rpose " tot"' of -00 m"rs sh"'' be t"en "s the f&''

m"rs which sh"'' be di!ided on the fo''owin$ b"sis;

(") #or the technic"' c"p"city 40 m"rs

(b) #or the fin"nci"' c"p"city 40 m"rs

(c) #or the experience 20 m"rs

(2) .he technic"' "nd fin"nci"' c"p"city "nd the

experience "s referred to in S&br&'e (-) sh"'' be e!"'&"ted "sfo''ows;

(") 8hi'e e!"'&"tin$ the technic"' c"p"city of the person

s&bmittin$ the 5xpression of Interest whether "ny

m"chine e&ipment or h&m"n reso&rce is re&ired

for the imp'ement"tion of th"t proect if so on the

$ro&nds whether or nor th"t person h"s s&ch "

m"chine e&ipment or h&m"n reso&rce:

(b) 8hi'e e!"'&"tin$ the fin"nci"' c"p"city of the

person s&bmittin$ the 5xpression of Interest on the

$ro&nds of s&ch fin"nci"' c"p"city of th"t person "s

re&ired for the s&r!ey oper"tion rep"ir "nd

m"inten"nce of the proect "nd in the c"se of

comp"ny s&bmittin$ the 5xpression of Interest on

the $ro&nds "s to how m&ch "mo&nt is proposed tobe borne from the "ssets of the comp"ny for the

proect or how m&ch "mo&nt "nd which process is

proposed to borrow " 'o"n "s the c"se m"y be,

(c) 8hi'e e!"'&"tin$ the experience of the person

s&bmittin$ the 5xpression of Interest on the $ro&nds

"s to whether or not th"t person h"s experience in the

constr&ction of infr"str&ct&re b&i'd "nd oper"tion ofinfr"str&ct&re on pri!"te fin"ncin$ or in the


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imp'ement"tion of "ny other simi'"r n"t&re of proect

for which the 5xpression of Interest h"s been in!ited

for the imp'ement"tion thereof,

(3) #rom the e!"'&"tion m"de p&rs&"nt to S&br&'e (2)

the persons s&bmittin$ the 5xpressions of Interest sec&rin$ "t 'e"st

sixty m"rs sh"'' be se'ected, If on s&ch e!"'&"tion "t 'e"st two

persons sec&rin$ sixty m"rs c"nnot be se'ected the other persons

who sec&re "t 'e"st fifty m"rs sh"'' "'so be se'ected,

)) To reinvite 3pression of Interest. 1pon in!it"tion of

5xpression of Interest p&rs&"nt to &'e 7 if on'y one 5xpression

of Interest is recei!ed or if "t 'e"st two persons s&bmittin$ the

5xpressions of Interest c"nnot be se'ected from the e!"'&"tion

m"de p&rs&"nt to &'e -0 "s the c"se m"y be the inistry sh"''

rein!ite the 5xpression of Interest "fter f&'fi''in$ the proced&res

"s referred to in &'e 7,

(2) 8hi'e in!itin$ the 5xpression of Interest p&rs&"nt to S&b

r&'e (-) the person se'ected p&rs&"nt to S&br&'e (3) of &'e -0

sh"'' be ret"ined if s/he so desires,

)2 To prepare a short list. (-) After se'ectin$ the persons

s&bmittin$ the 5xpressions of Interest p&rs&"nt to &'e -0 the

inistry sh"'' prep"re " short 'ist thereof,

(2) +o '"ter th"n se!en d"ys "fter the prep"r"tion of the short

'ist p&rs&"nt to S&br&'e (-) the inistry sh"'' $i!e written

inform"tion thereof to persons inc'&ded in th"t 'ist,

)1 To invite proposal. After prep"rin$ the short 'ist p&rs&"nt to &'e

-2 the inistry sh"'' in!ite propos"'s settin$ o&t therein

the fo''owin$ m"tters from the persons inc'&ded in th"t 'ist,

(") .he inistry where the propos"' doc&ments m"y be

p&rch"sed from "nd the fees therefor:


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(b) .he m"nner de"d'ine time "nd p'"ce for the

s&bmission of the propos"':

(c) .he d"te time "nd p'"ce for the openin$ of the

propos"':

(d) .he $ro&nds for the e!"'&"tion of the propos"':

(e) .he expected d"te for m"in$ decision on the

propos"':

(f) ther necess"ry m"tters,

)4 Purchasing fees for proposal related docu*ents. (-) .wenty

tho&s"nd r&pees sh"'' be ch"r$ed "s fees whi'e p&rch"sin$ the

propos"' doc&ments,

(2) +otwithst"ndin$ "nythin$ cont"ined in S&br&'e (-) the

inistry sh"'' if the proponent "ss for " d&p'ic"te copy of the

st&dy report m"de on the proect pro!ide the s"me to the

proponent with free of cost,

) To su#*it proposal.(-) A person desiro&s to s&bmit " propos"'

sh"'' p&rch"se the propos"' doc&ments be"rin$ the se"' of the

inistry "nd the si$n"t&re of the concerned offici"' "nd s&bmit

by fi''in$ &p therein the det"i's "s mentioned in the doc&ments to

the inistry the propos"' in " se"'ed en!e'ope cont"inin$ the

technic"' "nd fin"nci"' propos"'s in two sep"r"te se"'ed

en!e'opes,

(2) .he proponent sh"'' set o&t the m"tters mentioned in

S&bsection (2) of Section 6 of the Act in the technic"' propos"' "s

referred to in S&br&'e (-),

(3) .he proponent sh"'' set o&t the fo''owin$ m"tters in the

fin"nci"' propos"' "s referred to in S&br&'e (-);


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(") .he proposed fees to be co''ected whi'e

imp'ementin$ the proect "nd other necess"ry m"tters

pert"inin$ thereto:

(b) If "ny ind of roy"'ty or "mo&nt is to be p"id to

*o!ernment of +ep"' whi'e imp'ementin$ the

proect the r"te of s&ch " roy"'ty "nd inst"''ment

fi$&re of the "mo&nt to be p"id:

(c) roposed term of the "$reement,

(4) 8hi'e s&bmittin$ the fin"nci"' propos"' p&rs&"nt to S&b

r&'e (3) the proponent m"y s&bmit more th"n one "'tern"ti!epropos"'s in respect of '"&ses (") (b) "nd (c) of th"t S&br&'e,

(


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(d) .he or$"ni?"tion"' pro!ision imp'ement"tion mod"'ity "nd

sched&'e of wors on the imp'ement"tion of the proect:

(e) .he en$ineerin$ desi$n of the proect:

(f) .he en!ironment"' st&dy report of the proect "nd me"s&res

to be "dopted to miti$"te the possib'e "d!erse imp"cts on

the en!ironment:

($) .he fin"nci"' so&rce for the imp'ement"tion of the proect

"nd p'"n pert"inin$ thereto:

(h) .he other "'tern"ti!e propos"'s s&bmitted to m"e theproect more !i"b'e "nd &sef&',

(2) 8hi'e e!"'&"tin$ the technic"' propos"'s p&rs&"nt to S&br&'e

(-) the inistry sh"'' se'ect the propos"'s of the proponents

sec&rin$ "t 'e"st sixty percent m"rs, .he inistry sh"'' if "t 'e"st

two propos"'s not sec&rin$ sixty percent m"rs c"nnot be se'ected

from the se'ection "ppro!e technic"' propos"'s of other

proponents sec&rin$ "t 'e"st fifty m"rs,

(3) After "ppro!in$ the technic"' propos"' p&rs&"nt to S&br&'e

(2) the inistry sh"'' specify the d"te time "nd p'"ce for openin$

the fin"nci"' propos"' "nd $i!e " notice thereof to the proponents

whose technic"' propos"'s "re "ppro!ed,

(4) .he inistry sh"'' if the technic"' propos"' is not "ppro!ed

p&rs&"nt to S&br&'e (2) notify the person s&bmittin$ s&ch "

propos"' to t"e the fin"nci"' propos"' b"c, .he inistry sh"''

$i!e the fin"nci"' propos"' to the concerned person if th"t person

h"s come to t"e s&ch " propos"' b"c within thirty d"ys from the

d"te so notified,

(


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(b) roposed roy"'ty or other types of "mo&nts to be p"id

to *o!ernment of +ep"' "nd the time "nd mod"'ity for

the p"yment of s&ch "mo&nts:

(c) roposed d&r"tion of "$reement,

(6) After e!"'&"tin$ the fin"nci"' propos"' p&rs&"nt to S&br&'e (


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(b) If the "pp'ic"nt is " comp"ny the n"me "nd "ddress of s&ch "

comp"ny ye"r of its incorpor"tion or$"ni?"tion"' str&ct&re

ownership "nd m"in "re" of b&siness:

(c) .he n"me of the proect intended to be imp'emented

mod"'ity "nd short det"i's thereof:

(d) .he det"i's re'"tin$ to the &ti'ity "nd fe"sibi'ity of the

proect:

(e) .he det"i's re'"tin$ to the fin"nci"' "nd technic"'

c"p"city "nd experience of the "pp'ic"nt to imp'ement

the proect:

(f) .he m"chine e&ipment "nd h&m"n reso&rce of the

"pp'ic"nt to imp'ement the proect:

($) .he re"sons for the imp'ement"tion of the proect by

ne$oti"tions,

(2) .he inistry m"y if it deems necess"ry on ex"min"tion of

the "pp'ic"tion recei!ed p&rs&"nt to S&br&'e (-) "s

"ddition"' doc&ments or det"i's from the "pp'ic"nt,

(3) 1pon ex"min"tion of the "pp'ic"tion recei!ed p&rs&"nt to S&b

r&'e (-) if it deems th"t the proposed proect "ppe"rs to be

&sef&' "nd fe"sib'e "nd the "pp'ic"nt h"s the fin"nci"' "nd

technic"' c"p"city "nd experience to imp'ement the proect "nd

th"t the proect is s&it"b'e for bein$ imp'emented by

ne$oti"tion "s referred to in S&bsection (3) of Section 9 of the

Act the inistry sh"'' "'on$ with its opinion forw"rd the

det"i's with the recei!ed "pp'ic"tion to the ommittee,

(4) .he ommittee sh"'' ex"mine the det"i's "'on$ with the

"pp'ic"tion recei!ed p&rs&"nt to S&br&'e (3) "nd send to the

inistry its opinion "s to whether or not it is "ppropri"te to

imp'ement th"t proect by ne$oti"tions,


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(


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(") 8here the propos"' h"s been s&bmitted by " oint

!ent&re "ny person $i!es inform"tion to the inistry

th"t s/he h"s det"ched from s&ch " !ent&re "nd the

rem"inin$ persons "'one do not seem "b'e to

imp'ement the proect or they f"i' to inc'&de "nother

person h"!in$ the s"me &"'ific"tions in th"t !ent&re:

(b) 8here the memor"nd&m of &nderst"ndin$ or

pre'imin"ry proect "$reement h"s been conc'&ded

p&rs&"nt to Section -0 of the Act the proponent does

"ny "ct in contr"!ention of the memor"nd&m of

&nderst"ndin$ or pre'imin"ry proect "$reement:

(c) .he proponent f"i's to s&bmit the det"i's re&ired to be

s&bmitted p&rs&"nt to Section -- of the Act within the

time 'imit "s referred to in th"t Section,

2), To eecute a deed of in5uir+ (Muchulka! 8hile opening

3pression of Interest or proposal; (-) .he inistry sh"'' open the

5xpressions of Interest or propos"'s in presence of the persons

s&bmittin$ the 5xpressions of Interest or propos"'s or their

"&thori?ed "$ents "t the specified d"te time "nd p'"ce "nd exec&te

" deed of in&iry "nd "'so $et it si$ned by them, If there "ppe"rs "ny

rem"r whi'e so openin$ the 5xpressions of Interest or propos"'s

th"t m"tter sh"'' "'so be mentioned in the deed,

(2) +o "ction sh"'' be t"en on the 5xpression of Interest

or propos"' which h"s been s&bmitted witho&t f&'fi''in$ the

re&irements p&rs&"nt to this e$&'"tion,

22 *end*ent or etension of ti*e li*it. (-) If the inistry deems

th"t it is necess"ry to m"e "ny "mendment to the proced&res for

s&bmission of the 5xpression of Interest or propos"' doc&ments or

"ny det"i's it m"y m"e s&ch "mendment settin$ o&t the re"sons

thereof s&bect to the Act,

(2) If there rem"ins &pon "mendment p&rs&"nt to S&br&'e (-)" time 'imit of 'ess th"n thirty d"ys the inistry m"y


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extend the time 'imit s&bect to be "t 'e"st thirty d"ys "nd

if for "ny other re"son it "ppe"rs necess"ry to extend the

time 'imit for s&bmittin$ the 5xpression of Interest or

propos"' it m"y settin$ o&t the re"sons thereof extend the

re"son"b'e time 'imit s&bect to the Act, If the time 'imit

h"s been so extended the person s&bmittin$ the 5xpression

of Interest or the propos"' m"y m"int"in his pre!io&s

5xpression of Interest or propos"' or m"y s&bmit "nother

5xpression of Interest or propos"' by withdr"win$ s&ch "n

5xpression of Interest or propos"',

(3) A person who s&bmits "nother 5xpression of Interest or

propos"' p&rs&"nt to S&br&'e (2) sh"'' p&rch"se the

5xpression of Interest or propos"' doc&ments by p"yin$ the

fees to be ch"r$ed &nder this e$&'"tion,

21, 'ausing clarification to #e *ade or docu*ent to #e su#*itted;

(-) If " person who s&bmits "n 5xpression of Interest or propos"'

m"es " re&est in writin$ to the inistry for c'"rific"tion of "ny

m"tter in respect of the 5xpression of Interest or propos"' doc&ments

"t 'e"st fifteen d"ys prior to the de"d'ine of s&bmission of the

5xpression of Interest or propos"' the inistry sh"'' c'"rify in th"t

respect no '"ter th"n se!en d"ys of s&ch re&est,

(2) If it "ppe"rs necess"ry to pro!ide inform"tion of the m"tter

c'"rified p&rs&"nt to S&br&'e (') "'so to other persons who

s&bmit the 5xpressions of Interests or propos"'s the

inistry sh"'' pro!ide s&ch inform"tion thro&$h the s"me

me"ns by which the 5xpression of Interest or propos"' h"s

been in!ited,

(3) If "ny m"ter referred to in the 5xpression of Interest or

propos"' is not c'e"r or "ny ordin"ry doc&ment "ppe"rs to

be in"de&"te the inistry m"y re&ire the person

s&bmittin$ the 5xpression of Interest or propos"' to c'"rify

s&ch m"tter or s&bmit the in"de&"te doc&ments,


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ro!ided howe!er th"t whi'e so c'"rifyin$ "ny m"tter

or re&irin$ s&bmission of "ny doc&ment the m"tter

mentioned in the 5xpression of Interest or propos"' sh"''

not be"mended or "'tered,

24, 3pression of Interest and proposal evaluation co**ittee; (') .o

e!"'&"te the 5xpression of Interests "nd propos"'s "nd m"e

recommend"tion there sh"'' be "n 5xpression of Interest "nd

propos"' e!"'&"tion committee in the inistry "s fo''ows,

(") *"?etted first c'"ss officer "t the inistry

desi$n"ted by the Secret"ry "t the

inistry

h"irperson

(b) .wo experts re'"ted with the proect

desi$n"ted by the Secret"ry "t the

inistry

ember

(c) hief of the #in"nci"' Administr"tion

Section in the inistry "nd if s/he is not

"!"i'"b'e officer "t the ffice of the

omptro''er *ener"'

ember

(d) e$"' officer "t the inistry "nd if s/he isnot "!"i'"b'e officer desi$n"ted by the

inistry of "w B&stice "nd

"r'i"ment"ry Aff"irs

ember

(2) S&ch officer 'e!e' emp'oyee in the inistry "s desi$n"ted

by the inistry sh"'' "ct "s the secret"ry of the e!"'&"tion

committee,

(3) .he e!"'&"tion committee m"y if it deems necess"ry in!ite

"ny expert of the concerned fie'd to t"e p"rt in its meetin$

"s "n obser!er,

(4) ther proced&res inc'&din$ the meetin$s of the e!"'&"tion

committee sh"'' be "s determined by the committee itse'f,

'hapter4


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Provisions Relating to For*ation and 9eeting of Board and Revie8

of Fees

2 For*ation of Board; (-) #or the p&rpose of re!iewin$ the fees

p&rs&"nt to Section 3< of the Act *o!ernment of +ep"' m"y

constit&te "n Infr"str&ct&re Ser!ice #ees e!iew %o"rd "s fo''ows;

(") A person h"!in$ $"ined "t 'e"st

fifteen ye"rs of experience in the

fie'd of constr&ction or oper"tion of

infr"str&ct&re or in economic or

fin"nci"' sector

h"irperson

(b) A person from "mon$st the personsh"!in$ done m"sterCs de$ree in ci!i'

en$ineerin$ "nd $"ined "t 'e"st ten

ye"rs of experience in the fie'd of

constr&ction or oper"tion of

infr"str&ct&re

ember

(c) A person from "mon$st the persons

h"!in$ done m"sterCs de$ree in

economics "nd $"ined "t 'e"st ten

ye"rs of experience in the concerned

fie'd

ember

(d) ne person from "mon$st the &sers ember

(2) .he concerned "&thori?ed person or s&ch represent"ti!e "s

desi$n"ted by him/her sh"'' be "n exofficio member in the

%o"rd,

(3) *o!ernment of +ep"' sh"'' nomin"te the ch"irperson "nd

member "s referred to in S&br&'e (-),

(4) At 'e"st $"?etted second c'"ss officer "t "nd desi$n"ted by

the +"tion"' '"nnin$ ommission sh"'' "ct "s the secret"ry

of the %o"rd,

(


18/22

(6) .he secret"ri"t of the %o"rd sh"'' be se"ted "t the +"tion"'

'"nnin$ ommission Secret"ri"t,

26Procedures relating to *eeting of Board; (-) .he meetin$ of the

%o"rd sh"'' be he'd "t s&ch d"te time "nd p'"ce "s specified by the

ch"irperson of the %o"rd,

(2) .he secret"ry of the %o"rd sh"'' $i!e " notice of meetin$

"'on$ with the "$end" to be de'iber"ted "t the meetin$ to

the members of the %o"rd "t 'e"st se!en d"ys prior to

ho'din$ of the meetin$ of the %o"rd,

(3) .he presence of more th"n fifty percent members of thetot"' n&mber of members of the %o"rd sh"'' be deemed

to constit&te " &or&m for the meetin$ of the %o"rd,

(4) .he meetin$ of the %o"rd sh"'' be presided o!er by the

ch"irperson of the %o"rd "nd in his/her "bsence the

meetin$ sh"'' be presided o!er by " member se'ected by

the members present "t the meetin$ from "mon$st

themse'!es,

(


19/22

(") 8here the "$reement does not mention specific fees b&t on'y

mention "ny p"rtic&'"r method on fix"tion of fees in e!ery fi!e

ye"rs:

(b) 8here the "$reement mentions th"t the 'icensee is entit'ed to "

cert"in percent profit from the oper"tion of the proect "nd if

the r"te of s&ch profit is ch"n$ed:

(c) 8here the "$reement is m"de on condition th"t *o!ernment of

+ep"' is entit'ed to recei!e " cert"in roy"'ty or profit from the

proect "nd if *o!ernment of +ep"' intends to decre"se fees by

$i!in$ &p or decre"sin$ s&ch roy"'ty or profit:

(d) 8here the term of the "$reement is "'tered:

(e) 8here the "pp'ic"tion m"de by the 'icensee showin$ "ny

specific re"son to h"!e the fees re!iewed "ppe"rs to be

re"son"b'e

(f) 8here the inistry settin$ o&t "ny specific re"son deems

necess"ry to re!iew the fees,

2 %rounds for fiation of fees.(-) If the "$reement cont"ins "ny

$ro&nds for re!iewin$ the fees the %o"rd sh"'' s&bect to Section

3< of the Act fix the fees b"sed on those $ro&nds,

(2) If the "$reement does not cont"in "ny $ro&nds for re!iewin$

the fees the %o"rd sh"'' s&bect to Section 3< of the Act

re!iew the fees "'so h"!in$ re$"rd to the fo''owin$ $ro&nds;

(") ."x roy"'ty "nd other ind of "mo&nt re&ired to be p"id by

the 'icensee to *o!ernment of +ep"':

(b) 5conomic "nd soci"' st"nd"rds of the &sers "nd cons&mer

price index:

(c) Appropri"te benefits to be obt"ined by the 'icensee:

(d) .erm of the 'icense:


20/22


21/22

(h) "tter "s to whether or not *o!ernment of +ep"' h"s m"de oint

in!estment in the proect:

(i) ther m"tters,

12 'o*pensation Fiation 'o**ittee; (-) In order to fix the

compens"tion to be pro!ided &nder Section 26 or 27 of the Act there

sh"'' be " ompens"tion #ix"tion ommittee "s fo''ows;

(") At e"st $"?etted second c'"ss

officer "t "nd desi$n"ted by the

inistry

h"irperson

(b) oncerned technici"n or expertdesi$n"ted by the inistry

ember

(c) epresent"ti!e of the concerned

oc"' %ody

ember

(d) epresent"ti!e of the concerned

'icensee

ember

(e) A person desi$n"ted by the

inistry from "mon$st the &sers

ember

(2) .he ompens"tion #ix"tion ommittee sh"'' itse'f

determine the proced&res to be "dopted by it for fixin$ the

compens"tion,

33, Pro/ect *a+ #e ea*ined and inspected.(-) .he inistry m"y

ex"mine or inspect or c"&se to be ex"mined or inspected "ny

proect "s to whether or not the proect is bein$ imp'emented in

"ccord"nce with the Act "nd this e$&'"tion,

(2) 8hi'e m"in$ or c"&sin$ to be m"de ex"min"tion or

inspection p&rs&"nt to S&br&'e (-) if it "ppe"rs th"t "ny

proect is not bein$ imp'emented in "ccord"nce with the

Act "nd this e$&'"tion the inistry m"y settin$ o&t the

re"sons thereof $i!e direction to the concerned 'icensee to

imp'ement the proect: "nd it sh"'' be the d&ty of the

concerned 'icensee to comp'y with the direction so $i!en by

the inistry,


22/22

34, #rogation and -aving. (-) .he e$&'"tions on ri!"te

#in"ncin$ in %&i'd "nd per"tion of Infr"str&ct&re 2060

(2003) is hereby "bro$"ted,

(2) .he f&nctions "nd "ctions exec&ted p&rs&"nt to the

e$&'"tions referred to in S&br&'e (-) sh"'' be deemed to h"!e

been exec&ted p&rs&"nt to this e$&'"tion,

the boot regulation 2064

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