June 2024 Update - Template Concession Contract - Front End

Investment Rating - The report does not provide a specific investment rating for the public EV charging infrastructure industry. Core Insights - The Concession Contract is designed to facilitate the provision of public EV charging services, with the Authority granting the Concessionaire the right to exploit these services in exchange for a Concession Fee and Revenue Share [14][41]. - The Concessionaire is responsible for funding all elements of the Installation Works and Services, with the Authority providing a Capital Grant subject to certain conditions [34][3]. - The contract includes a comprehensive KPI Framework to ensure service quality, with penalties for failures and provisions for relief and compensation events [46][12]. Summary by Sections Concession Period - The Concession Contract will commence on the Commencement Date and will remain in effect until the earliest of specified termination events [32][33]. Funding - The Authority will pay a Capital Grant to the Concessionaire, which may be adjusted based on project needs [34][3]. Equipment - The Authority guarantees title to Existing Equipment, which will transfer to the Concessionaire on the Handover Date [35][4]. Installation Works - The Concessionaire must carry out Installation Works in compliance with Necessary Consents and as specified in the contract [37][6]. Services - The Concessionaire is required to provide services in accordance with the KPI Framework and necessary consents [40][8]. Tariffs - Tariffs for the first year of the Concession Period will be set, with subsequent years determined by a specified process [40][9]. Concession Fees - The Concessionaire will pay a Concession Fee and a Revenue Share to the Authority as detailed in the contract [41][10]. Records, Monitoring, and Review - The Concessionaire must maintain accurate records and provide monthly reports to the Authority [43][11]. KPI Framework - The KPI Framework outlines standards for service delivery, with penalties for failures and provisions for relief events [46][12].