Concession Agreements

 

On 25 April 2012 the President signed Federal Law No. 38-FZ amending the Federal law “On Concession Agreements.”

Under a concession agreement an investor (concessionaire) commits to build and/or reconstruct, at his/her expense, a facility whose title is or will be with the state, Russian region or a municipality (grantor), with its further use during the term specified in the agreement.

In relation to transportation infrastructure facilities, the amendments allow a grantor to commit to reimburse expenses to the concessionaire for the (re)construction and use of transportation infrastructure facilities if so envisaged by th