Council of the European Union and European Parliament 26 February 2014, 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

Also known as

Directive 2014/23/EU establishes a harmonized legal framework for the award of works and services concessions by contracting authorities and entities within the European Union to ensure legal certainty and non-discriminatory market access. Key provisions define the transfer of operating risk as a core element of concessions, set a value threshold of EUR 5,186,000, and mandate transparency through compulsory publication in the Official Journal of the European Union. The Directive further regulates procedural guarantees, selection and award criteria, and the conditions under which contracts may be modified or terminated during their term.AI