Examples of Strategic Alliance Agreement in a sentence
Furthermore, these rights were reaffirmed on August 9, 2010, when Quiport, the Municipality and the Management Unit entered into the Strategic Alliance Agreement, whereby the Municipality recognized the existence of the Free Trade Zone Tax Exemption and agreed to indemnify Quiport for any tax incurred arising from its loss.
On November 30, 2011, the members of the Sector Board for Production resolved to approve that the petition submitted by Quiport with respect to both the Xxxxxxxx Sucre International Airport (MSIA) as well as the New Quito International Airport (NQIA) to extend and ratify the qualifications of Free Trade Zones users within the framework of the Strategic Alliance Agreement and Construction Contract.
Under the Strategic Alliance Agreement, the Municipality is entitled to participate in the economic benefits of the project by way of the Municipality Economic Benefit Participation 11% of the collection from airport charges and Quiport is entitled to participate in the economic benefits of the project 89% of the collection from airport charges.
As a result, Xxxxxxx entered into the Strategic Alliance Agreement to establish a structure for the public and private contributions to the project, as well as the distribution of the economic benefits derived from their respective contributions.