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How to slide guide in the Concession Agreement Template

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What is a concession framework?

Concession Framework Agreement means an agreement to be entered into between SPCD and the Company, which, among others, authorizes the Company to undertake the operation and maintenance, and management of the Project expressway and the right to collect tolls on the Project expressway; Sample 1.

What is the difference between a lease and a concession?

First, a concession agreement gives limited rights to use the property for any specified use, whereas a lease agreement creates an interest in the property to the lessor. Second, a concession agreement doesnt create any inherent property rights, whereas a lease creates interest on the owners property.

What are the features of a concession contract?

Concessions involve a contractual arrangement between a public authority and an economic operator (the concession holder). The latter provides services or carries out works and is remunerated by being permitted to exploit the work or service.

What are the terms of a concession agreement?

A concession agreement is a contract that gives a company the right to operate a specific business within a governments jurisdiction or on another firms property, subject to particular terms.

What is a concession in a project?

A Concession gives a concessionaire the long term right to use all utility assets conferred on the concessionaire, including responsibility for operations and some investment. Asset ownership remains with the authority and the authority is typically responsible for replacement of larger assets.

What is included in a concession agreement for a project?

Concession agreements usually define the period of operation and insurance requirements, as well as fees. Payments to a property owner may include rent for the location, a percentage of sales revenue, or a combination of the two. Any additional expectations can also be spelled out in the agreement.

What are the basic principles of concession?

The process of publishing and determining the awarding of concessions must follow the fundamental principles of equal treatment, transparency, and mutual recognition.

What is a concession model?

About the Concession Model -- A concession is publicprivate partnership (PPP) under which a public authority (Concession Authority) grants specific long term rights to a private or semi-public organization (Concessionaire).

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Slide guide in the Concession Agreement Template