Estados Financieros, (Inglés, Español) - Túnel San Cristóbal

5. Obligations of the Concession Holder
a) To legally incorporate the Concession-holding Company
promised in the Technical Bid, as set forth in article 1.7.3.
of the Bidding Terms and Conditions, within 60 calendar
days from the publication on the Official Gazette of the
supreme decree of award. Likewise, within 60 calendar days
from that date, the successful bidder must subscribe, before
a Notary Public, the transcriptions of the supreme decree
awarding the Concession Contract, as proof of acceptance
of its contents, and must notarize one of the copies with
the same Notary Public, as required in article 1.7.4 of the
Bidding Terms and Conditions.
b) When the public deed of incorporation of the Concessionholding
Company, is drawn up and executed, the company’s
total capital must be subscribed. Said capital may not be
less than Ch$5,700,000,000 (five billion seven hundred
million pesos) and at least Ch$1,440,000,000 (one billion
four hundred and forty million pesos) must be paid in cash.
The balance of capital must be paid, in cash, within 12
months from the date of the public deed of incorporation
of the Concession-holding Company, all the foregoing in
accordance with what is set forth in article 1.7.3 of the
Bidding Terms and Conditions.
c) Within 60 days from its date of incorporation, the Company
must have applied for its registration in the Securities Register
of the Superintendency of Securities and Insurance, which
must be evidenced through the appropriate certificate.
Once the registration in this Register has been completed
and not more than 5 days later, the Company must present
a certificate of such registration to the State Inspector, all of
the above in accordance with article 1.7.3 of the Bidding
Terms and Conditions.
d) To execute, repair, preserve, exploit and operate the works
that the Company has the obligation to perform, pursuant to
the documents that form part of the Concession Contract,
in the form, conditions, manner and terms set forth in those
documents.
e) To render the basic services, for which the Company is
authorized to charge tariffs to the users.
f) To render the compulsory special services, in accordance
with article 1.10.9.1 of the Bidding Terms and Conditions.
g) The Concession-holding Company paid the MOP
UF142000 (one hundred and forty two thousand Unidades
de Fomento for acquisitions and expropriations. This
payment was made to the MOP in a single installment in
June, 2005, as specified in article 1.8.8 of the Bidding Terms
and Conditions.
h) As set forth in articles 1.12.1.1.1 and 1.12.1.1.2 of the
Bidding Terms and Conditions, the Concession-holding
Company must make the following payments to the State for
the Administration and Control of the Concession Contract
and for Works of Art respectively:
- An annual payment to the MOP for administration and
control of the Concession Contract. During the Construction
Stage as defined in article 1.9.2 of the Bidding Terms and
Conditions, the Concession-holding Company had to pay UF
40,500 (forty thousand five hundred Unidades de Fomento)
in three equal installments of UF 13,500 (thirteen thousand
five hundred Unidades de Fomento). The first installment was
paid in January, 2006 and the two remaining installments
in January, 2007 and 2008. During the Exploitation Stage,
the amount to be paid for this concept will be UF 3,000
(three thousand Unidades de Fomento) per year. In the first
January after authorization of the Provisional Placement into
Service (granted on July, 4, 2008), the Concession-holding
Company had to pay, in addition to the full annual payment
for 2009,the proportion of the prior year including the
month in which the Provisional Placement into Service was
authorized, which meant paying an additional UF 1,500.
- The amount of UF 2,500 (two thousand five hundred
Unidades de Fomento) for the Execution of Works of Art
associated to the project. This was defined by a Special
Committee convened by the Architecture Department of
the Ministry of Public Works, which acted as the Technical
Agency, assuming the final inspection of the works, including
their contracting. must include the maintenance of such
Works of Art included in the Concession. This amount was
paid to the MOP in a single installment in Juy,2005.
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