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English to Portuguese translations [PRO] Bus/Financial - Finance (general)
English term or phrase:trust account
Subway Lines- Agreement
In order to provide some tariff-setting flexibility while providing a predictable tariff regime for the private sector, the implementation of a mechanism to compensate for any tariff increases below the change in the agreed inflation index will be required. This Revenue Support Mechanism would identify a "shadow tariff" based on the current tariff structure, weighted according to the 1997 O/D Survey, and adjusted annualy by the agreed domestic inflation index.
If actual tariffs fall below this level at any time, a yearly appropriation would be made by State into a trust account to cover the difference. The concessionarire would draw monthly on this facility over the subsequent year.