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Contract Review—Model Concession Agreement (MCA)

In: Hybrid Annuity Model (HAM) of Hybrid Public-Private Partnership Projects

Author

Listed:
  • Abhinav Mittal

    (YOG INFRA)

  • Puneet Agrawal

    (ALA Legal)

  • Shuchi Agrawal

Abstract

This chapter provides a detailed review of key clauses of Model Concession Agreement (MCA) for a HAM road PPP project, and provides numerical computations and examples based on the case study of Project Highway so that the reader understands the implication of important clauses in different scenarios This chapter would help in ease of understanding and interpretation of key terms of MCA which is very important for private sector developers who want to bid for these project and to develop long-term financial projections to understand their true returns for such project delivery. A detailed analysis has been presented for all the clauses relevant during the construction as well as operation phase of the project including a list of recurring costs and obligations of the private sector besides the road maintenance (e.g., independent engineer renumeration, monthly reports, audited accounts etc.)

Suggested Citation

  • Abhinav Mittal & Puneet Agrawal & Shuchi Agrawal, 2023. "Contract Review—Model Concession Agreement (MCA)," Management for Professionals, in: Hybrid Annuity Model (HAM) of Hybrid Public-Private Partnership Projects, chapter 0, pages 89-121, Springer.
    • Handle: RePEc:spr:mgmchp:978-981-19-2019-6_7
    DOI: 10.1007/978-981-19-2019-6_7
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