North Artania Rail Corridor Agreement (NARCA) ---Rutania and Aloria-----
This treaty was drafted in June 4219 by the Whig Party.
|The nations of Rutania and Aloria by ratifying this agreement hereby agree to the following:|
Chapter 1 High Speed Rail Corridor Construction
1 AIMS & FULFILLMENT
The nation of Rutania and Aloria henceforth agree to work jointly to construct a set of high speed rail lines to form a corridor from Port Freiheit in the Alorian province of Ultran to Port Seaborg in the Rutanian province of Delvar, a commission will be formed to determine the cost, and time required to complete this corridor.
1.2 The above stated commission shall be composed of 6 members equally divided 3 from Rutania and 3 from Aloria
1.3 The commission shall be given the task of ensuring the terms of this Agreement are honored.
1.4 The commission shall report to the governments of both nations.
2 JOINT FUNDING AND ORGANIZATION
2.1 Rutania and Aloria shall commit 60% of total funding to construct and maintain the above stated rail corridor. 30% of the funding shall be provided by Aloria and 30% will be provided by Rutania
2.2 The remaining 40% of funding shall be provided by private investors to encourage to sustainability and profitability of the rail corridor
2.3 Of the 40% of funding reserved for private investment 20% shall be in the care of the Alorian government to choose said private investors and 20% shall be in the care of the Rutanian government to do the same.
2.4 The Operation shall be organized into a partially state owned and controlled corporation, the North Artania Rail Corporation.
2.5 All parties funding this operation shall be given ownership in the North Artania Rail Corporation that corresponds to their funding.
2.6 All parties shall be allowed to sell their ownership shares only after completion of the rail construction, selling stakes of ownership would result in the corresponding lowering of required maintenance funding.
3 TRAVEL, TRADE & SECURITY
3.1 The nations of Rutania and Aloria shall agree to grant special travel visas between the citizens of each other nations allowing for atleast 3 months stay out of their home country.
The treaty consists of the following articles.
The treaty has been formally ratified by the following nations.
The treaty contains no articles that can be verified.
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