In this respect, the interests of the lenders will normally be convergent with those of the project company.

Equity Name

The duration of the project was calculated in such a way as to enable the operator to recoup the investment and ensure a return in the amount freely set in the project agreement.

Furthermore, a project company established as an independent legal entity allows a clear separation between the assets, proceeds and liabilities of the project and those of the project sponsors, thus facilitating accounting and auditing procedures.

An independent legal entity may also provide a mechanism for protecting the interests of the project, which may not necessarily coincide with the individual interests of all of the project sponsors.

It is proposed that a section discuss the questions of subconcession, assignment of the project company s rights and security interests established to the benefit of the project company s creditors.

There are a number of open and collaborative projects from which developing countries can reap great benefits.

(c) Projects which have received a commitment from businesses to hire a significant percentage of their beneficiaries.

It was observed that those objectives fostered the interests not only of the host Government, but also of the parties wishing to invest in infrastructure projects in the country.

Furthermore, since the project is built and, during the concession period, operated by the project company, the country benefits from private sector expertise in operating and managing the relevant infrastructure facility.

(c) To discuss matters of public interest and

In some projects it was found useful to require the project company to appoint an independent project manager, through whom all communications with the relevant governmental entity would be channelled.

2. Project sponsors and project company 15 18 5 3.

2. Project sponsors and project company

Currently, 18,319 women have benefited from the projects in 2005.

Forty six per cent of the beneficiaries of shelter projects are women.

Such restrictions might serve the purpose of ensuring the transparency of the project s accounts and preserving the integrity of the project s assets, by segregating each project s assets, proceeds and liabilities from the assets, proceeds and liabilities of other projects or other activities not related to the project.

Main grounds for early termination normally include any of the following the opening of certain types of insolvency proceedings in respect of the project company the expropriation of the project company the termination for reasons of public interest the inability or serious failure by the project company to perform its obligations or the failure by the host Government to perform its obligations.

Unlike early termination as a sanction for the project company s failure to perform its obligations, an early termination for reasons of public interest is not normally attributable to acts of the project company, a distinction which may be taken into account by the law when determining the compensation to be paid to the project company in each case.

It reaches over three million students and is the largest satellite tele education project in the world.

Under this proposal, the number of companies benefiting from the scheme would be capped at current levels and no new entrants would be allowed from July 2006.

The LADA project will bring benefits to Parties to the Convention as it will allow a better allocation of resources and the formulation of projects that can be submitted to different potential donors for national and regional action.

Public utilities

In paragraph 10, reference should me made to Debt for Equity in Millennium Development Goal Projects .

(a) Items arising from the articles of the Convention, including those specified in its article 22

(a) Items arising from the articles of the Convention, including those specified in its article 22

D) Benefits derived from the activities implemented jointly project

Also, situations may arise where, due to the failure or inability of the project company to perform its obligations, it might be in the interest of the parties to allow the project to continue under the responsibility of another company or consortium.

Thereafter, the earnings from these projects serve to leverage additional projects and to replenish the administrative budget.

Forests should be managed to optimize both their local benefits and higher level public goods.

(a) Items arising from the articles of the Convention, including those specified in Article 7 therein

D. Benefits derived from the activities implemented jointly project (D)

Pilot projects have played a useful role in this regard.

The following sections discuss basic issues such as private sector participation in public infrastructure projects and the concept of project finance, identify the main parties to those projects and their respective interests, and briefly describe the evolution of a privately financed infrastructure project.

B. The rights of the project company

D. Benefits derived from the activities implemented jointly project

The remaining sections dealt with rights and obligations of the project company that, in addition to being dealt with in the project agreement, might be usefully addressed in the legislation, as they might affect the interests of third parties.

190. In connection with the last sentence of paragraph 32, the suggestion was made that some co owners of the project company might be concerned about the risks arising from the involvement of the company in other projects awarded to it in a separate selection process.

In requiring governmental approval for modifications of the statutes and by laws of the project company, it is desirable to weigh the public interests represented through the State against the need for affording the project company the necessary flexibility for the conduct of its business.

Also, a public manifestation by the host Government of its commitment to pursue a policy favourable to privately financed infrastructure projects may serve an educational purpose by informing the public about how it is expected that the governmental policy on privately financed public infrastructure projects would generate benefits to the country.

The lenders, whose main or sole recourse is the revenue generated by the project, may have an interest in ensuring that the works will not be left incomplete and that the concession will be operated profitably in the case of inability of the project company to do so.

The company abandoned that project.

And here's the public service announcement for this project.

A. Contractors of the project company

A rate of return slightly above unity is expected on these projects.