Strategic Alliance Agreement. As a result of the adoption of the 2008 Constitution and other changes to the relevant legal framework, the Constitutional Court declared that the public nature of the revenues derived from the charges for the various airport services at the Old Airport, as well as other airports of the country, and ordered that the relevant agreements be modified to reflect an accurate participation framework for income derived from such regulated sources. As a result, Xxxxxxx entered into the Strategic Alliance Agreement to establish a structure for the public and private contributions to the project, as well as the distribution of the economic benefits derived from their respective contributions. Under the Strategic Alliance Agreement, the Municipality is entitled to participate in the economic benefits of the project by way of the Municipality Economic Benefit Participation 11% of the collection from airport charges and Quiport is entitled to participate in the economic benefits of the project 89% of the collection from airport charges. In accordance with the Strategic Alliance Agreement and related documents, for the period from the Airport opening date to the end of the concession period, because of the participation of the Municipality in the economic benefits of the project, the Surcharge Collector (Quiport) will cause the transfer of 11% of the Regulated Charges collected by the Surcharge Collector with respect to each calendar quarter to the NQIA Trust Account; it further provides that, for each calendar quarter occurring within the last five years of the concession period, the Collector shall transfer 12% of the regulated charges collected to the NQIA trust account. The Regulated Charges include:
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Samples: docs.publicnow.com, dl.bourse.lu, sec.report
