Train Availability And Reliability Agreement

This approach also allowed the project company, its equity investors and financial advisors to develop a strong team to cooperate with lenders to secure financing for both projects (and the additional credit agreements needed for subsequent variations). The relationship between Hitachi and Japanese banks has also been important in this regard. The contractual agreement for the project is based on two agreements. The first agreement is the Master Availability and Reliability Agreement (herein referred to as the PPP contract) between the public procurement authority and the project company. It ensures that the public procurement authority will require train operators to enter into a contract with the project company and to make availability payments for rolling stock for the duration of the contract. The second agreement is the train availability and reliability agreement (the interface agreement) directly between the train managers and the project company. . . .