Project Development Costs. UBC and Corix have developed an Infrastructure Agreement to define the roles and responsibilities of relevant parties. As a part of the financial submission, Corix and UBC will submit each of their project development costs. These include engineering, financial, legal, consultation and regulatory costs spent by both to move the project to the implementation and construction stage. These project development costs are approximately 1.5% of total project capital costs. The project development costs have been capitalized and amortized over 30 years, being the contract term to which they relate.
Appears in 3 contracts
Sources: Support and Indemnity Agreement, Infrastructure Agreement, Infrastructure Agreement