7(2)A project company shall have the general supervision of any acquisition, holding, owning, using, leasing, licensing, planning, designing, financing, refinancing, development, construction, improvement, operation, management, maintenance, repair, replacement, alteration, extension, expansion, rehabilitation or disposition of, or other dealings with, a highway, or a system of toll collection in relation to a highway, to the extent that it may be given the responsibility in an agreement with the Corporation, and the project company and any other person acting under the authority of an agreement made with the project company and approved by the Corporation shall carry out the responsibility in conformity with the standards established by the Minister of Transportation and Infrastructure or as otherwise approved by the Lieutenant-Governor in Council.