Vouch Electronically Sign Concession Agreement Template For Free

A concession agreement is an agreement between a Government Authority and a Private entity, through which the Government grants certain rights to the Private entity for a limited period of time. These agreements are common in the development of infrastructural projects under the Public-Private Partnership (PPP) model.

Concession Period/s means the period/s over which Concession/s will be granted to the Winning Bidder/s, over a period of thirty (30) years, as per provisions to be defined in the Concession Agreements.

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

A concession agreement is a negotiated contract that grants rights to a company by a government, local authority, or other legal entity. It basically means a Public-Private Partnership (PPP) which allows joint development and maintenance of government projects.

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.

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.