Section 29. Facility approval and licensing shall be conducted in accordance with sections thirty to thirty-four, inclusive, which shall be known and be cited as ”Phase IV of the Low–Level Radioactive Waste Management Act”, and in accordance with the regulations adopted under section sixteen. The provisions of such sections and regulations shall be implemented so as to ensure an open and fair process for carrying out the environmental review and licensing of any facility for which a site, operator and technology have been selected pursuant to Phase III of the Low–Level Radioactive Waste Management Act and to require a comprehensive operating contract setting forth the rights and responsibilities of the board and the operator with respect to such facility.