Agreement Or Concession

The more attractive and profitable a concession is, the more likely it is that a government will offer tax breaks and other incentives. Bto. This regime applies to cases where legislation prohibits private parties from owning an area considered to be a public infrastructure or part of the maritime sector. The property can be transferred directly after construction to the government (z.B. Costa Rica and Croatia). The terminal investor will install the terminal on private land and then transfer the property to the government or port authority. In general, this form of public-private partnership is considered more complex than the more frequent BOT system, particularly with regard to government accountability and increased participation. Under the BTO model, ownership of port facilities becomes a problem for lenders and investors, particularly when locked-in assets are required to secure financing. In such cases, lenders may require a guarantee from the state regarding compliance with the terms of the concession agreement. Applicable authorisations: all authorisations, authorizations, licenses, authorizations, without objection or by any government authority, which are required from time to time in relation to ownership, development, financing, construction, operation and management of the port terminal of [name] and the execution, execution or execution of obligations under this contract or the Port Services Agreement and The Sitease The Agreement, as defined in the reference number.

Within the European Union, the granting of concessions by public bodies is governed by a regulation. Work concessions have been subject to public procurement rules for some time, as the European Parliament and European Council`s 2004/18/EC Directive on Public Works Concession Contracts is applied and cross-border concessions on services are governed by the principles of the Treaty on the Functioning of the European Union. However, on February 26, 2014, the European Parliament and the European Council have adopted a new 2014/23/EU directive on the awarding of concession contracts[4], which required EU Member States to implement national legislation for the awarding of concession contracts of more than EUR 5,186,000, which was awarded on or after 18 April 2016.