Examples of Rail Projects in a sentence
Parliamentary Standing Committee of the Housing and Urban Affairs (2021-22) on 'Implementation of Metro Rail Projects - An Appraisal, in its report said that despite a lapse of more than four years, six of the 12 States where Metro rail networks are either operational or under construction were yet to constitute Unified Metropolitan Transport Authority (UMTA) as a statu- tory body.
NICTD shall bear the costs of all losses or liabilities arising from tort claims for personal injury or property damage asserted by third parties with respect to the Rail Projects that are not covered by insurance, the Indemnitors as provided in Section 7.2.6.1, or another third party, except in the event that IFA and/or RDA exercises Construction Period Step-In Rights and/or IFA exercises Operations Step-In Rights, under Article 11.
In the event of such exercise, NICTD shall bear the costs of such claims that arise prior to the effective date of the step-in, and those that arise after the Rail Projects are transferred back to NICTD, if applicable.
Any and all Rail Projects grant funds received from FTA or any other source shall be transferred to the Deposit Trustee to be held in the Revenue Trust Fund for use in support of the Rail Projects, provided that FTA requirements are maintained for the use and disposition of FTA grant funds.
Except as provided in Section 8.4, RDA shall have no responsibility for the costs of O&M of the Rail Projects.
NICTD shall timely acquire or shall utilize its powers, once the requisite approvals for all aspects of real estate acquisition by RDA and IFA have been provided, including eminent domain and condemnation powers, to timely acquire the Rail Projects Property and shall timely add any such property to the properties leased to RDA under the applicable Lease.
In Rights means the rights of IFA and/or RDA to step in and assume design and construction of the Rail Projects pursuant to Section 11.4.
The PD may also coordinate with other relevant Regional and State Rail Projects as needed.
In connection with the structure contemplated by this Governance Agreement, each Party shall execute and deliver such additional documents and instruments and perform such additional acts that may be necessary or appropriate to deliver the Rail Projects in the manner described herein and/or to further the intent of this Governance Agreement.
Notwithstanding the Financing Plans designed to fund the Cost Budgets, NICTD agrees to work closely with IFA and RDA to complete the Rail Projects using only the Project Contingency provided in Section 7.3.2, including the Project Contingency approved by IFA and RDA, so as to minimize the amount of funding required to fund actual Project Costs.