Transport for LondonPPP Contracts
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Recital AMENDED AND RESTATED PPP CONTRACT AMENDED AND RESTATED CONTRACT made on 4 APRIL 2003 (2) INFRACO SUB-SURFACE LIMITED whose registered office is at 55 Broadway, London SW1H 0BD ( Infraco ). Whereas (A) On 20 March 1998 the Deputy Prime Minister announced proposals to establish a public private partnership for London's Underground Network so as to facilitate over time a much improved service to passengers. The partnership would be between an efficient public sector operator and private sector partners responsible for enhancing and maintaining the Underground Network. (B) Pursuant to those proposals, LUL has transferred responsibility for part of the LUL Network to Infraco. (C) It is intended that the Contract shall be a PPP agreement as defined in section 210 of the GLA Act. It is agreed as follows: |
| 1 The parties to this Amended and Restated Contract agree that the Amended and Restated Contract dated 4 April 2002 between LUL and Infraco shall be amended and restated to be read and construed and otherwise take effect in the form of this Contract upon all the conditions to this Contract being a PPP agreement ( set out in section 210 of the GLA Act ) having been satisfied and upon satisfaction or waiver ( as appropriate ) of the conditions precedent contained in ( including the conditions precedent in paragraphs (m), (n), (o) and (p) of ) clause 2A.1 of the Share Purchase Agreement and the condition contained in clause 4.1 of the Supplemental Share Purchase Agreement and upon completion of the transfer of all of the issued share capital in Infraco ( other than the Special Share ) to the private sector pursuant to the Share Purchase Agreement. |
| 2 The parties agree to use all reasonable endeavours to procure that all the conditions to this Contract being a PPP agreement ( set out in section 210 of the GLA Act ) are satisfied, and that completion of the transfer of all of the issued share capital in Infraco ( other than the Special Share ) to the private sector pursuant to the Share Purchase Agreement occurs, as soon as reasonably practicable. |
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3 LUL agrees to procure from Infraco infrastructure and asset management services relating to the SSL Network and to pay Infraco for such services and Infraco agrees to provide such services to LUL on and subject to the terms set out in the clauses and Schedules of the Contract attached hereto. In witness whereof this Contract has been signed for and on behalf of the parties on the date first above written. SIGNED by ) MARTIN CALLAGHAN and ) FRANCES LOW on behalf of ) London Underground Limited ) SIGNED by ) MARTIN CALLAGHAN and ) FRANCES LOW for and on behalf of ) Infraco Sub-Surface Limited ) |
