Depending on what the law that is related to a sector states, concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an authority once the duration of their concession ended, or both the authority and concessionaire control and own the facilities. Concession agreement may also state that the particular assets and facilities that were built, designated, and acquired by the authority and are included on a plan of a project that was planned by an authority are pre-identified as owned by the authority and to be operated and maintained by the concessionaire upon the turnover of operations and maintenance of the facilities and assets to the concessionaire.
Depending on what the law that is related to a sector states, concession can either allow the authority to retain or keep actual ownership of the assets, turning over to the concessionaire and reverting the control and ownership back to an authority once the duration of their concession ended, or both the authority and concessionaire control and own the facilities. Concession agreement may also state that the assets and facilities that were built, designated, and acquired prior to the turnover of operations and maintenance from the authority to the concessionaire and are included on a plan of a project that was planned by an authority are pre-identified as owned by the authority and to be operated and maintained by the concessionaire upon the turnover of operations and maintenance of the facilities and assets to the concessionaire.
D
particular
R
by the authority
prior to the turnover of operations and maintenance from the authority to the concessionaire