Last Updated:
7 Aug 2022

Concessions for Infrastructure

A guide to their design and award Author: Michel Kerf, R. David Gray, Timothy Irwin, Céline Levesque, and Robert R. Taylor

This report aims at helping policymakers and advisers better understand some of the most important and difficult aspects of concession design, award, implementation, monitoring, and modification. Concession is broadly defined as any arrangement in which a company receives from the government the right to offer a service under conditions of significant market power.