Compare Redline - Initial Draft Template Concession Contract - Front End Clean - 20.07.23 and June 2024 Update

Investment Rating - The report does not provide a specific investment rating for the industry. Core Insights - The Concession Contract is designed to facilitate the provision of public electric vehicle (EV) charging infrastructure, with the Concessionaire responsible for the Installation Works and Services as specified in the contract [6][22]. - The Authority will provide a Capital Grant to the Concessionaire, which may be adjusted based on project requirements [24]. - The contract includes a KPI Framework to evaluate the performance of the Concessionaire, with penalties for KPI Failures and provisions for Relief and Compensation Events [35][36]. Summary by Sections Definitions and Interpretation - Key terms such as "Concessionaire," "Authority," "Existing Equipment," and "New Equipment" are defined to clarify roles and responsibilities within the contract [11][17]. Concession Period - The Concession Contract will be effective from the Commencement Date and will continue until the expiry of the Concession Period or termination due to specific events [22]. Funding - The Concessionaire is responsible for funding the Installation Works and Services, with the Authority providing a Capital Grant subject to terms outlined in the contract [24]. Equipment - The Authority warrants ownership of the Existing Equipment but does not guarantee its condition [25]. Installation Works - The Concessionaire must carry out Installation Works in accordance with the agreed proposal and necessary consents [26]. Services - The Concessionaire is required to perform Services as specified in the contract, adhering to the KPI Framework [29]. Tariffs - Tariffs for the use of the Equipment will be established for the first year and adjusted in subsequent years based on the contract terms [30]. Concession Fees - The Concessionaire will pay a Concession Fee and a Revenue Share to the Authority as part of the contract [31]. Records, Monitoring, and Review - The Concessionaire must maintain accurate records and provide monthly reports to the Authority for monitoring purposes [32]. KPI Framework and Relief Events - The contract outlines the process for handling KPI Failures, including the application of Service Credits and the conditions under which Relief Events may be claimed [35][36].