1. This Directive shall apply to the following concessions the value of which is equal to or greater than EUR 5 000 000:
(a) concessions concluded by contracting entities for the pursuit of one of the activities referred to in Annex III;
(b) concessions concluded by contracting authorities.
2. Services concessions the value of which is equal to or greater than EUR 2 500 000 but lower than EUR 5 000 000 other than social services and other specific services shall be subject to the obligation to publish a concession award notice in accordance with Articles 27 and 28.