What is a Concessioner?
Concessioner means a person or entity that has been granted a concession, which is a contractual agreement between the concessioner and the grantor, typically a government agency, that gives the concessioner the right to operate a specific business or provide a specific service within a defined territory or location.
Examples of concessioners include:
1. Concession stands at theme parks and sports stadiums that sell food and drinks.
2. Private companies that operate public transportation systems, such as buses or trains, under contract with the government.
3. Companies that provide services such as water and sewage treatment, electricity generation, and highway maintenance under long-term concession agreements with governments.
4. Private hospitals and clinics that provide healthcare services under a concession agreement with a government agency.
5. Concessionaires who operate retail stores in airports or other public places.
In general, a concessioner is responsible for providing the goods or services specified in the concession agreement, and is typically required to pay a fee or royalty to the grantor in exchange for the right to operate the business or provide the service. The grantor may also have certain obligations, such as maintaining the infrastructure or providing security, but the primary responsibility for the operation of the business or service lies with the concessioner.