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Under the terms of the Sector Act, the concession may either allow the Authority to retain or retain ownership of the assets, hand it over to the concessionaire and return it to a public authority at the end of the duration of its concession, or the authority and the concessionaire own them. This government seized the Delagoa Bay Railway, built as part of a concession for an American citizen, while innuating the Charter. The concessionaire, who had piled up his assets in the company after exhausting other remedies, was forced to invoke his government`s protection. The granting of land or property by a government may be a lease for specific purposes in return for a given service or use, a right to resume and benefit from a given activity. However, on 26 February 2014, the European Parliament and the European Council adopted a new Directive 2014/23/EU on the award of concession contracts[4], which obliged EU Member States to introduce national legislation for the award of concession contracts costing EUR 5 186 000, which were awarded on or after 18 April 2016. A concession or concession contract is the granting of rights, land or property by a government, local authority, enterprise, natural person or other legal person. [1] Muhammad Ali of Egypt used contracts called concessions to build cheap infrastructure – dams and railways – with Foreign European companies buying capital, building projects and recovering most of the operating revenues, but Ali`s government would provide some of that revenue.