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Abstract:A concession is generally identified as a system by which a public authority grants specific rights to an organization (whether private or semi-public) to construct, overhaul, maintain and operate an infrastructure for a given period.
The company creates the service at its own cost and operates the service at its own risk. The company is remunerated in the form of a price paid by the users of the service and/or the public authority. This report reviews road infrastructure concession practices in Europe. The purpose is not to analyze the subject from a purely legal point of view, but to review the experience with concessions in the road sector in light of examples of public authorities acting as concession authorities. The paper goes on to examine the key components of a road infrastructure concession using the concession practices reviewed as examples. Tables, graphs, figures, 47 p.
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