30.1.6  Private party successfully performs the final maintenance and refurbishment works

(a)  If the independent assessor is satisfied that the private party has completed the final works (or any relevant part of them), government will allow the private party to reduce the amount of the performance bond to reflect the cost of the works carried out, provided that where the performance bond is partially released for only a portion of the refurbishment works, the amount of the performance bond retained is not less than the remaining refurbishment works.

(b)  Alternatively, government may also pay the private party the cost of the works by drawing on the escrow account, if applicable. In some jurisdictions, government's obligation to pay for the private party's costs is limited to the amounts held in the escrow account.