Content Headings

Key Issues

Example clauses

Notes and References

Security

A letter of credit may be provided as security of the availability payment.

The Authority shall also open an irrevocable, revolving letter of credit equivalent to two times of Bid Availability Payment, within 30 days from the expected date of COD as intimated by the Concessionaire, in favour of the Concessionaire

Example clause adapted from Concession Agreement for Colombo Kathunayake Expressway Project (note confidential), index reference A2, folder 1.