Guarantee Sign Concession Agreement Template For Free

A concession is a license given by the government authorities to private parties for the execution and implementation of the public services which are exclusively held by the government authorities under the law.

Examples of service concession arrangements involve water treatment and supply facilities, motorways, car parks, tunnels, bridges, airports and telecommunication networks.

Examples of concessions within another business are concession stands within sporting venues and movie theaters and concessions in department stores operated by other retailers. Short term concessions may be granted as promotional space for periods as short as one day.

In this context, Concession Agreement is an agreement through which the Government grants rights to a private sector entity to implement an infrastructure project. These agreements can be made either for the purpose of executing an infrastructure project or for providing services related to an infrastructure project.

Concessions. In this form of PPP, the Government defines and grants specific rights to an entity (usually a private company) to build and operate a facility for a fixed period of time. The Government may retain the ultimate ownership of the facility and/or right to supply the services.

Definition of a Concessions Contract Examples of concessions might include car parks built on local authority-owned land, or toll roads and toll bridges.

Examples of Concession Agreements The British Channel Tunnel Group Limited and the French France-Manche S.A. operate the Channel Tunnel, often referred to as the "Chunnel" under this agreement. The tunnel connects the two countries and allows for passenger and freight rail traffic between them.

There are different types of concession contracts, including: ex-leasing, franchise, build- operate-transfer (BOT) etc. Private finance initiatives (PFIs) may also be considered similar to concessions.