Grant Mechanism definition
Grant Mechanism means the provision agreed on or before 31 January 2019 between Network Rail and the Secretary of State (and approved by ▇▇▇ for the purposes of Part 3A on or before 28 February 2019) setting out how the annual amounts of network grant contained in Table E2B may vary or if no such provisions are agreed and approved, such provisions as ▇▇▇ may determine on or before 31 March 2019 after consulting Network Rail and the Secretary of State;
Examples of Grant Mechanism in a sentence
To develop clear understanding on the objectives and purpose including methodology on CRF and PBCRF Grant Mechanism; and build knowledge on reporting and monitoring system of the project a three-day training program was organized from 10-12 February 2019 at BRAC CDM, Savar, Dhaka.