Regulations For Private Institution Applying To Participate In The Infrastructure Project Under Its Own Planning Article 9

Where a private institution applies for construction of an infrastructure on private land and using private facilities provided by the private institution itself, after the institution's investment proposal is approved by the competent authority, the applicant shall proceed with the preparatory work from the day after receipt of the competent authority's notice within the approved time limit, as well as sign the concession agreement with the competent authority, and construct and/or operate the infrastructure in accordance with the law.The applicant may apply to the competent authority for extension of the time limit referred to in the preceding paragraph for not more than one year by filing a written application before the expiration of the time limit. If no concession agreement is signed before the expiration of the time limit, the competent authority shall revoke the approval of the application.