lexiara

Article 18 › 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.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04