The Concession Statements (Prescribed Information) Regulations 1993

• Citation: S.I. 1993/1300
• Sections: 3

Section 1

These Regulations may be cited as the Concession Statements (Prescribed Information) Regulations 1993 and shall come into force on 14th June 1993.

Section 2

In these Regulations–

“ the Act ” means the New Roads and Street Works Act 1991;

“concession period” means the period specified in a concession agreement as the period during which the concessionaire is appointed to construct a concession road and to enjoy the right to charge tolls for the use of it after it has been opened to public traffic;

“concession road” means a road proposed to be provided by a highway authority which is a road subject to a concession by virtue of a concession agreement entered into between a concessionaire and the highway authority pursuant to the Act; and

“concession statement” means a statement made available for inspection in accordance with paragraph 1(3) of Schedule 2 to the Act.

Section 3

A concession statement shall contain the following information–

(a) the name and address of the concessionaire or, if the concessionaire is a company within the meaning of the Companies Act 1985 , the name, registered number and registered office of the concessionaire;

(b) if the concessionaire is a company with issued share capital, the name and address of each member of the company who is the registered owner of at least 10 per cent of the issued share capital when the concession statement is made available for inspection in accordance with paragraph 1(3) of Schedule 2 to the Act;

(c) a statement of the maximum duration of the concession period and as to whether, in accordance with the provisions of the concession agreement, that period may be terminated early;

(d) a summary of any provisions in the concession agreement regarding the management of traffic (whether by the exercise of the powers conferred on the concessionaire by section 3 of the Act or otherwise) during the execution of works for improving, repairing or maintaining the concession road, including provisions as to maintaining liaison between the concessionaire and the police and other authorities;

(e) a brief description of any highway functions specified in the concession agreement which the concessionaire is or is to be authorised to exercise pursuant to section 2(1) of the Act;

(f) a summary of any obligations undertaken by the concessionaire in the concession agreement–

(i) to take steps to minimise or avoid any adverse environmental effects arising out of the construction, existence or use of the concession road; and

(ii) with regard to the provision of service areas by him or pursuant to an agreement with him; and

(g) a statement of any improvements of the concession road which the concessionaire has undertaken to make during the concession period and of the nature of those improvements, the time when he proposes to execute them and any conditions (such as the use of the concession road by a specified average number of vehicles during a specified period) to be fulfilled before the concessionaire would execute the improvements.