174 | Public-Private Partnerships in Urban Bus Systems
TABLE C.4 Essential
elements of an operation concession contract
ITEM
Regulation Applicable regulations Concession scope Technical Definition of the services that will be provided Stations (location, type, number) Road infrastructure (route, extension, type of lane) Rolling stock (characteristics, specification, type, number of units) Depots and workshops (confinement, maintenance) Equipment (collection, equipment of units) Variables of quality indexes (operative, administrative) and performance indicators Systems (user information, control) Operational Service operation programs Form of operation of the service (technical characteristics) Remuneration systems and adjustment mechanisms (payments) Monitoring and evaluation mechanisms (inspection visits, monitoring, reports, audits) Economic and financial Systems of resource management and financial management Economic balance clauses Guarantees and bonds of compliance (conventional penalties, deposit tickets, bank deposits) Regulatory and institutional Competent authorities Obligations and rights of the concessionaires and other subjects of the concession Term of the concession Causes of termination of the concession-and-extinction procedure Mechanisms for dispute resolution and interpretation Source: World Bank.
INCLUSION IN CONCESSION CONTRACT
COMMENTS