Section 343 | Balancing adjustment on ending of concession ^F1

(1)If—^F1

(a)the relevant interest is a highway concession, and^F1

(b)the concession is brought to or comes to an end without being treated as extended under section 344,^F1

the ending of the concession is a balancing event.

(2)The proceeds from such a balancing event are—^F1

(a)any insurance money received by the person entitled to the highway concession in respect of any qualifying expenditure, and^F1

(b)other compensation so received so far as it consists of capital sums.^F1