Enforcement Rules of Act for Promotion of Private Participation in Infrastructure Projects Article 82

After the financial institution, the guarantor or other institution designated by them takes over in accordance with Article 52 of the Act and the authority in charge determines that the defect has been improved, the authority in charge shall notify the financial institution, the guarantor, or other designated institution to terminate the take-over in writing and specify the date of termination, unless the financial institution, the guarantor or other designated institution has held other arrangements consented to by the authority in charge.The notice specified in the preceding paragraph shall be delivered to the private institution and relevant government agencies.The financial institution, the guarantor or other institution designated by them may file an application to the authority in charge to terminate the take-over when a defect has been improved before the time limit.