Term sheet


  • Dictionary : PIARC Road Dictionary/ English
  • Theme : Financial and Legal Tools / Finance and Procurement / Procurement and Contracts
  • Definition : Type of public-private or public-public partnership contract in which a granting authority remunerates a concessionaire who is responsible for operating the infrastructure concerned on the basis of a lump sum access fee (toll).
    Note: the scope of the contract may be extended to one or several aspects such as designing, constructing, financing, transfer, buying, leasing, improvement, etc.

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