Amendment status not verified — confirm the current text below against the official source.
In this Act, unless the context otherwise requires,- (a) "Authority" means the Madhya Pradesh Road Development Corporation Limited established by the Government under the Companies Act, 1956 (1 of 1956); (b) "Executive committee" means the Executive Committee constituted under Section 5; (c) "Concession Agreement" means agreement between the concessionaire and Authority or a statutory body specifically authorized by the State Government for the purpose whereby the concessionaire undertakes to finance, construct, maintain and operate a road or infrastructure facility; (d) "concessionaire" means a person with which a concession agreement is entered into by the authority or a statutory body specifically authorised by Government for the purpose; (e) "construction" includes new construction, reconstruction, rehabilitation, repair and! or maintenance; (f) "development cost" means initial cost incurred on the development of any road or infrastructure facility project before it is offered to a person for implementation and includes cost incurred on data collection, pre-feasibility studies or feasibility studies; (g) "Fund" means the Madhya Pradesh Highway Fund established under section 3; (h) "Government" means the Government of Madhya Pradesh: (i) "Highway" means any road, way or land declared as highway under section 3 of the Madhya Pradesh Rajmarg Adhiniyam, 2004 (No. 11 of 2005), and includes- (i) all land appurtenant to Highway, whether demarcated or not, acquire for the purpose of the Highway; (ii) all bridges, culverts, tunnels, causeways, carriageways and other structure constructed on or across such roads; and (iii) all trees, railings, fences, post paths, signs, signals, kilometer stone and other road furniture or accessories and Material on such roads; U) "infrastructure projects" means projects for construction of infrastructure undertaken by authority including highways; 11~ ~, ~ 25 • 2012 (k) "person" includes a body corporate, a company, a firm or an association of individuals whether incorporated or not; (1) "prescribed" means prescribed by rules made under this Act; (m) "premium" means amount payable by concessionaire to the Authority determined at the time of bidding of the project; (n) "regulations" means regulations made by the Authority under this Act; (0) "rules" means rules made by the Government under this Act; (p) "state" means the State of Madhya Pradesh; CHAPTER II MADHYA PRADESH HIGHWAY FUND