kontsessioon

A kontsessioon is a legal and economic term referring to a specific type of contract where a public authority grants a private entity the right to undertake a public service or exploit a natural resource. This grant is typically for a limited period and often involves the concessionaire investing capital and assuming operational responsibilities. In return, the concessionaire usually receives the right to collect fees or charges from users or to sell the products of the exploited resource.

These arrangements are common in sectors like infrastructure development, where private companies might be granted concessions to build and operate toll roads, airports, or power plants. They are also prevalent in the management of natural resources, such as mining rights, logging permits, or fishing quotas. The underlying principle is to leverage private sector efficiency and capital for public benefit, while the public authority retains oversight and control.

The terms of a kontsessioon are defined by a formal agreement that specifies the scope of the concession, the duration, the financial obligations of both parties, performance standards, and regulatory requirements. It is a way for governments to facilitate economic activity and provide essential services without direct public investment or management, while still ensuring public interest is served.