Common use of Community Development Clause in Contracts

Community Development. It is the objective of the Parties that the Project shall be carried out in a manner that is consistent with the continuing economic and social viability of communities located in the Concession Area, or that have formed, and may form, as a result of the Project, in the following manner: (a) Project Company shall assist and advise Government, when requested, in its planning for infrastructures and local development (including the construction of schooling and health facilities etc.) that the Parties may consider that are useful to the Project and to the existing and future industries and the activities in the immediate vicinity of the Concession Area. Thereafter, Project Company shall in good faith cooperate with Government’s efforts concerning the realization of such plans and programs. (b) Nothing in this Section shall obligate Project Company to make any significant expenditure or incur any material costs beyond the amounts which it would have made or incurred in the ordinary course of its business in accordance with the terms and conditions of this Agreement. (c) Project Company shall contribute development funding to villages surrounding the Concession Area and/or those directly impacted by the Project due to their proximity to the Concession Area as identified on the Land Use Map and agreed between the Parties and in accordance with the Environmental and Social Reports (“Community Development Fund”).