13.11.2014 Views

Keenjhar Lake Resort Project - Sindh Board Of Investment ...

Keenjhar Lake Resort Project - Sindh Board Of Investment ...

Keenjhar Lake Resort Project - Sindh Board Of Investment ...

SHOW MORE
SHOW LESS

Create successful ePaper yourself

Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.

Independent Auditor, as required to provide professional support for the purposes of regulating the<br />

<strong>Project</strong> development.<br />

15.5 Concession Period<br />

The Concession Period would be on a long term basis, for a period of __ years (including 4 years<br />

construction/ development period).<br />

15.6 Payment Security Mechanism<br />

<strong>Investment</strong> under the <strong>Project</strong> to be safeguarded through a proper Payment Security Mechanism (PSM),<br />

i.e. Escrow Account to be operated to ensure that proceeds from saleable components are first utilized<br />

for the project development.<br />

72<br />

<strong>Keenjhar</strong> <strong>Lake</strong> <strong>Resort</strong> <strong>Project</strong> - <strong>Project</strong> Information Memorandum

Hooray! Your file is uploaded and ready to be published.

Saved successfully!

Ooh no, something went wrong!