Be the first to like this
A concession can be defined as a system through which a public authority grants specific rights to an organization (private or semi-public) to build, rehabilitate, maintain and operate an infrastructure for a given period. The BOT model (Build-Operate-Transfer) is a type of concession and should not be differentiated. Variations on the BOT include the BOOT (Build-Own-Operate-Transfer) and BOO (Build-Own-Operate). This brief addresses issues like the various concession mechanisms, the shadow toll principle and commercial & financial risks ppp’s involved in the transport sector. A section is also provided on emerging PPP telematics in transport sector.