Content Headings

Key Issues

Example clauses

Notes and References

Grant of Concession

Alternative 1:

In consideration of the Concessionaire's obligations contained in this agreement and relying on the Concessionaire Warranties, the Authority appoints the Concessionaire to provide the Services in accordance with the terms of this Agreement and the Concessionaire hereby accepts such appointment upon the terms and conditions of this Agreement.

Alternative 1 adapted from draft concession agreement for MAN in Ireland, index reference A7, folder 2.

Alternative 2:

Subject to and in accordance with the terms and conditions set forth in this agreement, the Authority hereby grants and authorises the Concessionaire to investigate, study, design, engineer, procure, finance, construct, operate and maintain the [Project/Project Facility] and to exercise and/or enjoy the rights, powers, benefits, privileges, authorizations and entitlements set forth in this Agreement.

Alternative 2 adapted from Concession Agreement for Colombo Kathunayake Expressway Project (note confidential), index reference A2, folder 1.