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A concession is typically for a period of 25 to 30 years (i.e., long enough at least to fully amortize major initial investments). Asset ownership typically rests with the awarding authority and all rights in respect to those assets revert to the awarding authority at the end of the concession.

The authors argue that PPP is the general term for a cooperative relationship between a government and private investors, that a concession is public-private cooperation in which the users pay the fees and that BT (build-transfer) existed in large numbers in the past involves a necessary government procurement of ...

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.

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.

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.

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

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.