Concessionaire

Meaning

A private entity that has been granted the right by a government or authority to operate, manage, or develop a public asset or service under a concession agreement

Origin / Etymology

French concessionnaire, from concession (a grant or right given)

Synonyms

Licensee Franchisee Operator

Antonyms

Grantor Licensor Regulator

Example Sentence

"Zurich Airport International AG, as the concessionaire for Noida International Airport, holds a 40-year DBFOT concession to design, build, finance, operate, and maintain the facility."

🎯 UPSC Usage

Use in GS-2 and GS-3 answers on PPP models, infrastructure development, and privatisation. Demonstrates precise understanding of concession-based governance frameworks.

Relevant Subjects