LAW OF UKRAINE

of December 14, 1999 No. 1286-XIV

About concessions on construction and operation of highways

This Law determines features of construction and operation of highways public of the state value on the terms of concession.

Article 1. Determination of terms

1. In this Law the following terms are used in such value:

1) highway construction - complex of the road-building and project works connected with construction of the new highway;

2) it is excluded;

3) operation of the highway - the actions of the concessionary aimed at providing continued and safe operation of the highway according to standards and regulations on content of highways, provisions of the concession treaty;

4) the concessor - the state on behalf of the Cabinet of Ministers of Ukraine or executive body authorized by it on carrying out concessionary tender, the conclusion of the concession treaty and accomplishment of the obligations following from it;

5) the concession treaty - the agreement registered in accordance with the established procedure under which the concessionary shall perform construction and operation of the highway, and the concessor - to grant to the concessionary the rights to construction and operation of the highway to the duration of the agreement;

6) concession - provision by the concessor based on the concession treaty on paid and urgent basis to the concessionary of the right to construction and operation of the highway on condition of capture by the concessionary on obligations concerning its construction and operation.

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