Public Private Partnerships Act

70. Minimum obligations of parties to a project agreement

Edition: 2022-12-31 · In force

70. Minimum obligations of parties to a project agreement

(1)The parties to a project agreement under this Act shall specify the minimum obligations to be met by the parties as set out in the Third Schedule.

(2)Notwithstanding subsection (1), every project agreement shall make provision for the revenue sharing mechanisms and thresholds between a private party and the Government, where a project’s revenue performance meets and exceeds the target return on investment negotiated under a project agreement.

(3)The Cabinet Secretary may make Regulations specifying the manner in which project agreements shall be drawn.

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Source: Kenya Law