SCHEDULES
SCHEDULE 11LEVEL OF TOLLS
PART 1INITIAL TOLLS AND REVISION OF TOLLS
Further provisions as to revision of toll ranges and classification of vehicles7
1
Where a revision of tolls within the toll ranges recalculated pursuant to paragraph 2 would be insufficient—
a
to pay the costs and expenses incurred in designing, constructing, managing, operating and maintaining the new crossing or any costs associated with financing any of the same;
b
to provide such funds as are or are likely to be necessary to discharge the obligations of the undertaker pursuant to a concession agreement;
c
to pay the interest on, and repay the principal of monies borrowed in respect of, the new crossing;
d
to make payment into any maintenance or reserve fund provided in respect of the new crossing; or
e
in providing funds for, to meet expenses incurred in or the cost of securing any necessary authority or consent for, and in constructing or in securing, the construction, maintenance and operation of, the new crossing or securing the maintenance or operation of the Silver Jubilee Bridge (as the case may be) or works to the Silver Jubilee Bridge,
the toll ranges or any of them may if the undertaker so determines be increased to enable the purposes set out in this paragraph to be achieved, after complying with the requirements set out in paragraphs 8 to 14.
2
The undertaker may vary the classification of vehicles or classes of vehicles in respect of which tolls may be charged after complying with the requirements set out in paragraphs 8 to 14.
3
The toll range in respect of any vehicle or class of vehicles may not be revised pursuant to this paragraph if less than 12 months have passed following the previous exercise by the undertaker of its powers under this paragraph.