Section 59, The Public-Private Partnership Act, 2010

(1) After the approval of the evaluation report submittedunder section 58, the contracting authority shall submit the proposed PPP agreements to the Council for evaluation and approval after seeking the advice of the Unit. (2) Where a PPP Project involves a financial close in addition to a commercial close, the contracting authority shall, following the achievement of the commercial close and after seeking the advice of the Unit, submit to the Council any revision to the proposed PPP Agreement proposed by the private partner as a result of discussions between the private partner and its financiers for evaluation and approval . (3) A contracting authority shall obtain the approval of the Council before proceeding to the commercial or financial close of any proposed PPP Project.