RELATIONSHIP BETWEEN THE PROCURING AUTHORITY AND PROJECT COMPANY

The relationship between the Project Company and the Procuring Authorities is good. To date, there have been no significant disagreements or disputes.

During the operations phase, the Project Company receives a unitary payment based on the availability and performance standards from the Procuring Authorities, which is subject to payment deductions. The financial relationship with the City of Antwerp was based on a milestone payment once the construction was completed. Additional to the availability payments, the Procuring Authorities contribute to maintenance costs specified in the contract.

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