National Development Finance Agency (Amendment) Act 2007

Amendment of section 3 (functions of Agency) of Principal Act.

3.— Section 3 of the Principal Act is amended in subsection (1)—

(a) by deleting “and” where it last occurs in paragraph (c) and by substituting “public investment projects,” for “public investment projects.” in paragraph (d), and

(b) by inserting the following after paragraph (d):

“(e) to enter into a public private partnership arrangement with a view to transferring the rights and obligations under such an arrangement to any State authority, and

(f) to act as agent for any State authority in connection with the entry or proposed entry by that State authority into a public private partnership arrangement.”.