Section 36: Interpretation

In this Act-
"Board" means the Governing Board of the Commission established under Section 15 of this Act;
"Chairman" means the Chairman of the Governing Board of the Commission appointed under Section 15 of this Act;
"Commission" means the Infrastructure Concession Regulatory Commission established under Section 14 of this Act;
"Concession" means a contractual arrangement whereby the project proponent or contractor undertakes the construction, including financing of any infrastructure, facility and the operation and maintenance thereof and shall include the supply of any equipment and machinery for any infrastructure and the provisions of any services;
"Construction" means any form of engineering work whether civil, structural, mechanical or electrical and includes rehabilitation, improvement, expansion, alteration and related works and activities, supply and installation of equipment or materials;
"Director-General" means the Director-General of the Commission appointed under Section 21 of this Act;
"Infrastructure" includes development projects which, before the commencement of this Act, were financed, constructed, operated or maintained by the Government and which, after the commencement of this Act, may be wholly or partly Implemented by the private sector under an agreement pursuant to this Act including power plants, highways; seaports, airports, canals, darns, hydroelectric power projects, water supply, irrigation, telecommunications, railways, interstate transport systems, land-reclamation projects, environmental remediation and clean-up projects, industrial estates or township development, housing, government buildings, tourism development projects, trade fair complexes, warehouse, solid wastes management, satellite and ground receiving stations, information technology networks and database infrastructure, education and health facilities, sewerage, drainage, dredging, and other infrastructure and development projects as may be approved, from time to time, by the Federal Executive Council;
"Member" means a member of the Governing Board of the Commission and includes the, Chairman;
"New investment and development projects" include-
(a) any project involving any infrastructure, not existing at the time the concession is being made, that will require the injection of substantial funds or resources to design, construct, build, maintain or operate such infrastructure, or
(b) any project involving any infrastructure, existing at the time the concession is being made, that will require the injection of substantial funds or resources to repair, service, overhaul, improve, maintain or sustain such infrastructure;
"President" means the President of the Federal Republic of Nigeria;
"Project Proponent" means any person or body corporate who has contractual responsibilities for the project and who has adequate financial base to implement the said project consisting of equity and firm commitments from reputable financial institutions to provide, upon award, sufficient credit lines to cover the total estimated cost of the project;
"Ex-officio" means the Attorney General of the Federation, Minister of Finance, Secretary to the Government of the Federation and Governor of Central Bank of Nigeria.