innovative project
means a project which possesses at least one of the following attributes:
| a) | a recognised process, design, methodology or engineering concept which has demonstrated its ability to significantly reduce construction costs; accelerate project execution, improve safety, enhance project performance, extend economic life, reduce costs of facility maintenance and operations or reduce negative environmental impacts or social or economic disturbances or disruptions during either the project implementation or construction phase or the operation phase; |
| b) | a process for which the project proponent or a member of the proponent joint equity venture or consortium possesses exclusive rights, either worldwide or regionally: |
| c) | a design, methodology or engineering concept for which the proponent or a member of the proponent joint equity venture or consortium possesses intellectual property rights; or |
| d) | clustering services in the transport and other sectors with the potential to enhance the efficiency and affordability of transportation; |