National Development Finance Agency Act, 2002

Establishment of special purpose companies.

5.—(a) Subject to paragraph (b) the Agency may form, or cause to be formed, a company or companies for the purpose of financing a public investment project where, in the opinion of the Agency, it is necessary or expedient to do so in order to discharge its functions under this Act.

(b) The Agency shall not form, or cause to be formed, such a company or companies unless it has obtained the prior consent of the Minister in writing in respect of each company.