Grant of Permit. Pursuant to the PPTA and subject to the terms and conditions of this Agreement, the Department grants to the Concessionaire the exclusive right, and the Concessionaire accepts the obligation: (a) to finance, develop, design and construct the Project, and (b) from and after the Service Commencement Date and until the end of the Term, to manage, operate, maintain and improve the Project and to establish, impose, charge, collect, use and enforce payment of tolls and related charges (the “Permit”).
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