Community Web Version Now Available
Polaris
What do these mean here? 1. What does '30-40-year concessions' here mean? Though potentially lucrative, airports tie up a lot of capital, which is why governments around the world are selling them. Some are being listed on stockmarkets, others sold to private investors. The Japanese government is selling 30-40-year concessions to run some of its airports. 2. Does 'bridges' here mean ordinary bridges or something else? Best of all is the bonus that comes from being a monopoly. Returns from well-run airports tend to be in the double digits, markedly higher than more boring assets like bridges. Thanks http://www.economist.com/news/finance-and-economics/21653675-why-buying-airports-has-taken-flying-high
Jun 13, 2015 5:02 PM
2
0
Answers · 2
That concession is an economic/business term, but looking it up it's referring to a contract that gives exclusive right for a business to operate. So basically it's contracts that let private companies run Japan's airports. Bridges are just bridges here.
June 13, 2015
Polaris
Language Skills
English, Hindi, Portuguese
Learning Language
English, Portuguese