指政府部门授权私人投资者或投资机构对本属政府公共部门的投资项目进行建设和经营，被特许者在一定期限内有专营权和收益权，期满后将项目无偿移交政府。
e.g. The parties to Ras El Bar Offshore Concession Agreement are BP Egypt, operator with 50%, and IEOC, the affiliate of ENI SpA in Egypt, with the remaining 50%.
A right granted by a government to a corporation. It specifies rules under which the company can operate locally.
Some concession agreements might include tax breaks for the corporation, in order to keep them from moving to another jurisdiction.
