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Directive 2014/23/EU of the European Parliament and of the CouncilShow full title
Directive 2014/23/EU of the European Parliament and of the Council of 26 February 2014 on the award of concession contracts (Text with EEA relevance)
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Article 18Duration of the concession
1.The duration of concessions shall be limited. The contracting authority or contracting entity shall estimate the duration on the basis of the works or services requested.
2.For concessions lasting more than five years, the maximum duration of the concession shall not exceed the time that a concessionaire could reasonably be expected to take to recoup the investments made in operating the works or services together with a return on invested capital taking into account the investments required to achieve the specific contractual objectives.
The investments taken into account for the purposes of the calculation shall include both initial investments and investments during the life of the concession.
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