Act for Promotion of Private Participation in Infrastructure Projects Article 52

If, during the building or operations of an infrastructure by a private institution, there is any serious schedule delay, material defects in the construction quality, poor operation, or other major events, the authority-in-charge shall take the following actions in accordance with the concession agreement, with a written notice to the private institution:1.To order the private institution to make improvements within a given period.2.To suspend part or all of the construction or operations if no improvement is achieved within the given period or if the improvement is ineffective, or allow a financing institution, a guarantor, or any other institution designated by the financing institution or the guarantor to temporarily take over the infrastructure project and continue the building and/or the operations thereof for a certain period.3.To terminate the concession agreement if after a certain period following the suspension of the construction or operations or the temporary takeover by a financing institution, a guarantor, or any other institution designated by the financing institution or the guarantor under the preceding subparagraphs, no improvement is achieved.When taking actions in accordance with the preceding paragraph, the authority-in-charge shall notify the financing institution, the guarantor, and the relevant government agencies of such actions.After the concession agreement is terminated upon occurrence of any event specified in Subparagraph 3, Paragraph 1 and the accounts are settled, the financing institution or the guarantor may, with the approval of the authority-in-charge, sign or designate another institution meeting legal requirements to sign a concession agreement with the authority-in-charge to continue the building or operations of the infrastructure.