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TITLE I SUBJECT-MATTER, SCOPE, PRINCIPLES AND DEFINITIONS

CHAPTER I Scope, general principles and definitions

Section II Exclusions

Article 14Concessions awarded to a joint venture or to a contracting entity forming part of a joint venture

Notwithstanding Article 17, and provided that the joint venture has been set up in order to carry out the activity concerned over a period of at least three years and that the instrument setting up the joint venture stipulates that the contracting entities, which form it, will be part thereof for at least the same period, this Directive shall not apply to concessions awarded by any of the following:

(a)

a joint venture, formed exclusively by a number of contracting entities for the purpose of carrying out activities referred to in Annex II, to one of these contracting entities; or

(b)

a contracting entity to such a joint venture of which it forms part.