Content Headings

Key Issues

Example clauses

Notes and References

Payment Mechanism

The Concessionaire shall at least one month prior to the relevant Availability Payment Date submit to the Independent Engineer, its invoice (addressed to the Authority) for payment duly adjusted for Non-availability, if any, in accordance with clause [ref]. The Independent Engineer shall after verification and certification of the amount claimed in the invoice be required to forward the invoice to the Authority with necessary recommendation for payment thereof so as to reach the Authority at least one week prior to the relevant Availability Payment Date. 

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