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179:), are closely related but differ from a concession in the rights of the operator and its remuneration. A lease gives a company the right to operate and maintain a public utility, but investment remains the responsibility of the public. Under a management contract the operator will collect the revenue only on behalf of the government and will in turn be paid an agreed fee.
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maintained by the concessionaire upon the turnover of operations and maintenance of the facilities and assets to the concessionaire. Those that were built, acquired and designated by the concessionaire may initially be owned and controlled by the concessionaire and these will be transferred to the authority once its concession duration is ended.
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had originally included public concession contracts in the
Services Directive of 1992, but these were removed from its scope by the European Council. However, the European Parliament and the Council issued a further Directive 2014/23/EU on the award of concession contracts on 26 February 2014, which
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The assets and facilities that were built, designated, and acquired prior to the turnover of operations and maintenance from the authority to the concessionaire and are included on a plan of a project that was planned by an authority are predetermined as owned by the authority and to be operated and
221:
Concession agreement may also state the role of an authority and concessionaire and conditions regarding control and ownership of the assets and facilities such as concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and
253:
used contracts called concessions to build cheap infrastructure - dams and railroads - whereby foreign
European companies would raise capital, build projects, and collect most of the operating revenue but would provide Ali's government with a portion of that revenue.
182:
A grant of land or a property by the government may be in return for services or for a particular use, a right to undertake and profit by a specified activity, a lease for a particular purpose. A concession may include the right to use some existing
158:
may be operated as a concession. In the case of a public service concession, a private company enters into an agreement with the government to have the exclusive right to operate, maintain and carry out
222:
reverting the control and ownership back to an authority once the duration of their concession ended or both the authority and concessionaire control and own the facilities.
319:
In the UK, the equivalent threshold for concession contracts is £4,104,394. Concession contracts granted by public bodies fall within the term "covered procurement" in the
206:— typically pays either a fixed sum or a percentage of revenue to the owner of the entity from which it operates. Examples of concessions within another business are
286:, the granting of concessions by public bodies is subject to regulation. Works concessions have been subject to award rules for some time as Directive 2004/18/EC of the
239:
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applied to works concessions. The award of services concessions with a cross-border interest has been subject to the principles of the
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is a grant of rights, land, property, or facility by a government, local authority, corporation, individual or other legal entity.
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covering the award of concession contracts in excess of EUR 5,186,000 awarded on or after 18 April 2016.
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Directive 2014/23/EU of the
European Parliament of the Council on the award of concession contracts
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218:. Short term concessions may be granted as promotional space for periods as short as one day.
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within sporting venues and movie theaters and concessions in
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In the private sector, the owner of a concession — the
422:(2012) EWCA Civ 8 (16 January 2012), accessed 3 January 2021
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175:(in the water sector often called by the French term
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England and Wales Court of Appeal (Civil
Division),
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History of rail transportation in the United States
60:. Unsourced material may be challenged and removed.
390:Parting the desert: the creation of the Suez Canal
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300:Treaty on the Functioning of the European Union
1115:List of housing markets by real estate prices
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187:required to carry out a business (such as a
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120:Learn how and when to remove this message
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307:required EU member states to introduce
234:For other examples of concessions, see
14:
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456:
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1142:
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136:Typical Toll Concession P3 Structure
58:adding citations to reliable sources
29:
420:JBW Group Ltd v Ministry of Justice
191:in a city); in some cases, such as
24:
1100:Undergraduate real estate programs
374:Definition of concession agreement
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1214:
898:Investment rating for real estate
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27:Grant of rights, land or property
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1141:
1129:
1128:
229:
34:
482:
444:Procurement Act 2003, section 8
362:What is a concession agreement?
163:in a public utility (such as a
45:needs additional citations for
1055:Graduate real estate education
500:Tertiary sector of the economy
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425:
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1009:Real estate investment trust
614:Extraterrestrial real estate
343:Production sharing agreement
7:
1014:Real property administrator
1004:Real estate investment club
394:. Alfred A. Knopf. p.
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10:
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671:Private equity real estate
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386:Karabell, Zachary (2003).
338:Private finance initiative
333:Public-private partnership
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69:"Concession" contract
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619:International real estate
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268:Anglo-Persian Oil Company
1188:Distribution (marketing)
813:Real estate transaction
702:Real estate development
913:Real estate derivative
873:Effective gross income
639:Healthcare real estate
137:
1070:Industry trade groups
974:Exclusive buyer agent
928:Real estate valuation
918:Real estate economics
878:Gross rent multiplier
707:Real estate investing
609:Corporate Real Estate
251:Muhammad Ali of Egypt
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888:Highest and best use
854:Economics, financing
818:Real estate contract
712:Real estate flipping
681:Residential property
624:Lease administration
576:United Arab Emirates
321:Procurement Act 2023
309:national legislation
146:concession agreement
54:improve this article
18:Concession agreement
868:Capitalization rate
863:Asset-based lending
697:Property management
602:Commercial building
597:Commercial property
304:European Commission
288:European Parliament
189:water supply system
173:management contract
165:water privatisation
1203:European Union law
1095:Real estate trends
999:Real estate broker
969:Chartered Surveyor
923:Real estate bubble
903:Mortgage insurance
736:Adverse possession
659:Luxury real estate
634:Garden real estate
296:public procurement
246:Sultanate of Egypt
214:operated by other
138:
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808:Property abstract
791:Land registration
751:Concurrent estate
676:Real estate owned
666:Off-plan property
644:Vacation property
629:Niche real estate
376:investorpedia.com
292:Council of the EU
264:D'Arcy Concession
258:D'Arcy Concession
212:department stores
208:concession stands
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16:(Redirected from
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43:This article
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52:Please help
47:verification
44:
1105:Urban decay
959:Buyer agent
781:Foreclosure
776:Encumbrance
649:Arable land
561:Puerto Rico
509:By location
484:Real estate
290:and of the
282:Within the
1177:Categories
1060:Green belt
933:Remortgage
717:Relocation
516:Bangladesh
349:References
273:Regulation
161:investment
142:concession
80:newspapers
1045:Filtering
1035:Companies
954:Appraiser
835:Severance
531:Indonesia
216:retailers
197:easements
177:affermage
1135:Category
1040:Eviction
984:Landlord
786:Land law
551:Pakistan
495:Property
327:See also
154:such as
110:May 2013
1148:Commons
1065:Indices
947:Parties
746:Closing
690:Sectors
94:scholar
1198:Rights
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1085:People
1019:Tenant
845:Zoning
566:Russia
556:Panama
541:Turkey
521:Canada
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302:. The
193:mining
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1028:Other
801:Lease
590:Types
546:Kenya
536:Italy
526:China
396:34,36
101:JSTOR
87:books
766:Deed
400:ISBN
266:and
238:and
171:and
73:news
727:Law
294:on
144:or
56:by
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