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[Cites 0, Cited by 0] [Section 33(3)] [Section 33] [Entire Act]

State of Punjab - Subsection

Section 33(3)(iii) in The Punjab Infrastructure (Development & Regulation) Act, 2002

(iii)financial qualification i.e. the Concessionaire must show the capability to sustain the financing requirements of the infrastructure project, which may be measured in terms of proof of the ability of the Concessionaire or to provide a minimum amount of equity to the project and letter of good standing from the bank.