Write Sign Concession Agreement Template For Free

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.

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.

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.

The purpose of a concession contract is to ensure that all involved parties are mutually benefitted by the terms of the agreement. It also ensures that they understand the scope of their roles and responsibilties under the contract.

The concessionaire takes the financial and opera- tional risk when it funds the construction of the work and operates it without a guarantee that it will be able to recoup its investment and make a profit over the period of the concession. This is an example of a ?works concession?.

How to write a letter of agreement Title the document. Add the title at the top of the document. ... List your personal information. ... Include the date. ... Add the recipient's personal information. ... Address the recipient. ... Write an introduction paragraph. ... Write your body. ... Conclude the letter.

In a public contract, companies receive a fixed amount for carrying out a project or providing a service. With a concession, companies' remuneration mainly consists of the authorization to manage and use a work or service, which entails the risk of possible losses in the investments made.