Cryptocurrency Q&A
What is a concession in payment?
What is a concession in payment?
Elena
Sun Oct 13 2024
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7 answers
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I'm trying to understand the concept of concession in the context of payment. Could someone explain what it means when we say a concession in payment has been made? I want to know how it works and what it implies.
7 answers
Sara
Tue Oct 15 2024
The purpose of the concession payment is to compensate the public entity for granting the private entity the right to develop and/or operate the transportation facility.
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Nicola
Tue Oct 15 2024
The concession agreement outlines the terms and conditions of the payment, including the amount, timing, and method of payment.
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Michele
Tue Oct 15 2024
The qualifying transportation facility can be any type of infrastructure that facilitates the movement of people or goods, such as roads, bridges, tunnels, airports, or ports.
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Martino
Tue Oct 15 2024
The private entity is responsible for financing, designing, constructing, and maintaining the facility, while the public entity retains ownership and oversight of the project.
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Giulia
Tue Oct 15 2024
Concession payment is a financial transaction that occurs between a private entity and a responsible public entity. This payment is made in relation to the development and/or operation of a qualifying transportation facility.
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