water and sanitation concession agreement - example 1 annexures ...

ANNEXURE M12 - DEVELOPMENT INCENTIVES
DEVELOPMENT PROGRAMMES
The Concessionaire shall establish and constitute a separate fund under its control, within
6 (six) months after the Effective Date, which will primarily be used with the objective to
develop particularly the youth and uplift the community as a whole within the
Concession Area via the provision of, inter alia -
● technical training and assistance by the Concessionaire in inter alia bricklaying,
VIP construction, plumbing, carpentry, welding, urban farming, irrigation, adult
literacy and financial skills for business management;
● financial support to upgrade to functional standards various existing training,
educational, medical and sporting facilities within the Concession Area;
● bursaries to selected persons within the Concession Area to facilitate their
education and training in various technical fields;
● school awareness programs such as (but not limited to) the provision of science
apparatus, the arranging of school trips and visits to Water Services installations
and the presenting of guest lectures in respect of water management and
conservation;
● adult education in sanitation, water demand management and conservation.
To achieve the objectives set out above, the Concessionaire shall make available an
amount of [AMOUNT AND CURRENCY] during each 12 (twelve) month period as
from the Effective Date for the duration of this Contract. The amount of [AMOUNT
AND CURRENCY] will be revised annually on each anniversary of the Effective
Date in order that its initial value will be maintained relative to the increase in the CPI
over the relevant period.
The views of the local community will be taken into consideration by the
Concessionaire in determining the application and implementation of the fund.
EMPLOYEE LOAN FUND
The Concessionaire will, within 6 (six) months as from the Effective Date, establish
an employee loan fund to assist employees of the Concessionaire in financial
difficulty due to circumstances beyond their control. The amount of and conditions
attaching to the grant of an individual loan will be at the discretion of the board of
directors of the Concessionaire.
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PPP in Infrastructure Resource Center for Contracts, Laws and Regulations (PPPIRC) Reviewed: Victoria R. Delmon, LEGPS
http://www.worldbank.org/ppp November 2007