Concession agreement

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Concession agreement

An understanding between a company and the host government that specifies the rules under which the company can operate locally.

Concession Agreement

An agreement in which a government, especially a local government, gives preferential treatment to a private-sector company. Generally speaking, a concession agreement involves special tax considerations, and is designed to encourage a company to come to or stay in an area. Governments make concession agreements to promote job growth or stability.
References in periodicals archive ?
To date, the Russian Federation has 54 large concession agreements with investments in excess of 500 million rubles.
M2 EQUITYBITES-August 29, 2017-Apex International Energy awarded two concession agreements in Egypt
This denies Manila Water a rate of return "allowed from time to time to operators of long term infrastructure concession agreements in other countries having a credit standing similar to the Philippines" pursuant to Section 9.
The letter was received from the Mongolian Investment Agency, which is the body charged with negotiating concession agreements, and is in accordance with a cabinet resolution.
We want to see the [Manila Water] decision first [and compare it with the decision on Maynilad], to ensure consistent implementation of the provisions of the concession agreements," said Joel C.
A total of 503 concession agreements for extraction of minerals are currently in force in Bulgaria for an area of over 1.
In this regard, we have determined certain focal areas such as restricting collusive bidding in public procurement contracts, investigating concession agreements expanding the Office of Fair Trading (OFT) to curb deceptive marketing practices, working on how to restrict associations to their mandate and improving the legal framework on which the Commission is based to more effectively implement this new roadmap.
RECONSTRUCTING CONCESSION AGREEMENTS AS PUBLIC POLICY
Bankruptcy court judge Allan Gropper has approved two more concession agreements between Northwest Airlines and its employee unions.
aThe reasons for this under-financing were that the annual compensations paid to RTP were subject to VAT; that the state failed to pay the full amounts due to RTP under the concession agreements; and that the concession agreements did not allow RTP to claim compensation for the full costs of public service provision.
Against a backdrop of mayoral politics, the Los Angeles City Council rejected a plan on Friday to reverse the Airport Commission's decisions on seven concession agreements.
It gives a general view of the application of project finance techniques to projects of this type and also covers in some detail project viability and public/private sector risk allocation issues, procurement procedures, concession agreements and the sources of financing available for these projects.