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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
Jun 13, 2015 5:02 PM
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
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