Amendment status not verified — confirm the current text below against the official source.
(1) Notwithstanding any thing contained in any other law enacted by the State Legislature, the concessionaire may, charge, recover and appropriate the 1Substituted for words “within a period of thirty days from the date of receipt of the notice of award or selection under sub-section (4) of section 34” by Punjab Act No. 22 of 2003, Section 18 Development through Special Purpose Vehicles. Execution of Concession Agreement. Tariff. 1[tariff in accordance with the terms and conditions of the concession agreement] in respect of use of any facility or product or service related to or arisingout of an infrastructure project, where the development, operation and maintenance of such infrastructure project has been done by the concessionaire at its own expense. (2) Any variation of tariff shall require the approval of the Authority. The Authority shall not vary the rate of tariff without consulting the concessionaire and where the tariff is not specified in the Concession Agreement, the Authority shall specify the mode and manner of determination and variation of concessionaire’s revenues, and tariff fixation. (3) The right of concessionaire to collect, retain and appropriate tariff will be assignable to its lenders for the funding of the development, operation and maintenance of the infrastructure project.