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Road Traffic Management Corporation Act, 1999 (Act No. 20 of 1999)

Chapter 8 : Miscellaneous

45. Innovation

 

(1) The Shareholders Committee must encourage innovative projects which entail technology transfers at the expiry of a concession period through—
(a) the use of national goods and services;
(b) training and employment of citizens; and
(c) research and development.

 

(2) The Shareholders Committee may direct that any bidder, who in preparing a bid has undertaken innovative research which is useful, be reimbursed either partially or fully for bidding costs irrespective of whether the bid is successful or not.

 

 


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