European Union Within the
European Union, the granting of concessions by public bodies is subject to regulation. Works concessions have been subject to award rules for some time as Directive 2004/18/EC of the
European Parliament and of the
Council of the EU on
public procurement applied to works concessions. The award of services concessions with a cross-border interest has been subject to the principles of the
Treaty on the Functioning of the European Union. The
European Commission had originally included public concession contracts in the Services Directive of 1992, but these were removed from its scope by the European Council. However, the European Parliament and the Council issued a further Directive 2014/23/EU on the award of concession contracts on 26 February 2014, which required EU member states to introduce
national legislation covering the award of concession contracts in excess of EUR 5,186,000 awarded on or after 18 April 2016.
United Kingdom In the UK, the equivalent threshold for concession contracts is £4,104,394. Concession contracts granted by public bodies fall within the term "covered procurement" in the
Procurement Act 2023. == See also ==