8. Tenure
| Principle Government will generally own the project site and grant the private party licences for construction and operation. However, if the private party can demonstrate it is more appropriate, given the project structure, and represents better value for money, jurisdictions may grant a lease for the operating period (which will be subject to a government right of access through a sub‑lease or non‑exclusive licence). The term of any lease, sub-lease or licence will generally align with the term of the project agreement.19 |
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19 This principle relates to the tenure of the core project. To the extent there is a related commercial development (such as hotels, cafes, office space etc), appropriate tenure arrangements will be considered on a project-specific basis and may include leasing arrangements.