1. The requirement for Licensees to submit to ERA investment plans,
  2. Licensees are required to maintain a five-year investment plan and to submit the same to ERA,
  3. Licensees are required to submit their annual investment plan at least ninety days before the end of each calendar year,
  4. The annual investment plan submitted should incorporate sufficient detail as set out in the Regulations to facilitate monitoring by ERA,
  5. Licensees who operate a concession are required to submit the Investment Plan and their application verification of investments to the Asset Owner,
  6. The Asset Owner is required to consent to the Investment Plan and report of completed investments in writing and submit the consent or any representations thereof to ERA within seven days of receipt, and
  7. Licensees are required to employ competitive and robust procurement processes in respect of any investments that earn a return to ensure value for money.