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MEMORANDUM OF UNDERSTANDING
ON COOPERATION IN **** PPP PROJECT
This Memorandum of Understanding (the “MOU”) is made in Beijing, tPeople’s Republic of China, on this day of …… June 2020 among:
(1) …………………………Company Limited (hereinafter referred to as “………”, which shall mean and include its successors, affiliates and permitted assignees), a company duly organized and existing under the laws of the People’s Republic of China, with its principal office at …………………………………………………..Beijing, People’s Republic of China.
(2) ………………………….Company Limited (hereinafter referred to as “……….”, which shall mean and include its successors, affiliates and permitted assignees), a company duly organized and existing under the laws of the People’s Republic of China, with its principal office at …………………………………………………..Beijing, People’s Republic of China.
(3) ………………………….Company Limited (hereinafter referred to as “……….”, which shall mean and include its successors, affiliates and permitted assignees), a company duly organized and existing under the laws of the People’s Republic of China, with its principal office at …………………………………………………..Beijing, People’s Republic of China.
Hereinafter, each of the parties to this MOU shall be individually referred to as a Party and collectively referred to as the “Parties”.
WHEREAS:
(A) The Department of Highways of the Ministry of Construction of **** (the “Employer”) has issued an invitation to local and/or international firms to submit the Expression of Interest (the “EOI”) for the **** PPP Project (the “Project”) on 18th Jan 2020.
(B) The Parties have the financial strength, technical know-how and considerable experiences in the field of infrastructure development.
(c) The Parties enter into this MOU in order to form a Consortium and submit the EOI for the Project to the Employer.
NOW, THEREFORE, IT IS HEREBY AGREED AS FOLLOWS:
1. OBJECTIVES
(a) The Parties intend to work together to form a Consortium and submit the EOI to the Employer in ord
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