Principles of Railway Regulation Clause Samples

Principles of Railway Regulation. 3.3.10.1 ROU will continue its efforts to improve Uruguay's legal system applicable to railways. ROU will finalise, under Article 173 of Law No. 18,834 (as amended by Law No. 19,535), the development of railway regulations in Uruguay, including with respect to the operational and regulatory framework to be applied to Railway users in relation to, among other things, the following: (a) enabling and daily coordination of access by the operators to the Railway, defining the main criteria among the different operators and determining the access preferences of each phase or section of the Railway and the limits of these preferences; (b) administration of the maintenance of the Railway; (c) terms and conditions that apply to public and private operators (including ROU-controlled railway operators) using the Railway; (d) health and safety; (e) load and speed limits and requirements for each section of the Railway; and (f) Interface between Railway users, including environmental and social issues, health and safety standards, minimum technical requirements for rolling stock for all Railway users (commercial and passenger services), emergency procedures, insurance issues and claims for incidents related to the Railway; (hereinafter, the “Railway Regulation Principles”). 3.3.10.2 ROU shall ensure that the Railway Regulation Principles, at all times: (a) are applied by competent and independent ROU authorities, which will have the necessary organisational skills and abilities to ensure the effective implementation of the Railway Regulation Principles in a way that eliminates any conflict of interest; and (b) are consistent with the requirements of this Agreement and the rights of UPM and the UPM Railway Operator hereunder, particularly under Clause 3.3.11 and 3.3.12 (hereinafter the “Railway Access”). 3.3.10.3 ROU shall implement the Railway Regulation Principles before the Phase 2 Longstop Date. 3.3.10.4 ROU shall enable the access of long-term licences for private and public operators with a minimum initial period of 20 (twenty) years, which may be renewed for subsequent periods, subject to strict compliance during each period of the railway regulations issued by ROU through the National Railway Transportation Directorate (DNTF). ROU shall audit and evaluate at least every 3 (three) years the performance of the UPM Railway Operator. At the written request of the UPM or the UPM Railway Operator who complies with the legal and regulatory conditions, ROU will grant a ...

Related to Principles of Railway Regulation

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