concesionar

Senses

1. 1.

   to grant a concession to

   to award or license a business right or contract to a person or company

2. 2.

   to operate as a concessionaire

   to run a business under a concession granted by an authority

Examples

• "El estado concesionó la autopista a una empresa privada."

  The state granted the highway concession to a private company.

• "La empresa concesiona varios servicios municipales en la ciudad."

  The company operates several municipal services under concession in the city.

• "Decidieron concesionar la gestión del puerto a un operador internacional."

  They decided to award the port management concession to an international operator.

Usage

A formal, mainly business and legal term. The verb is commonly used in both transitive form (to grant a concession) and occasionally in reflexive form (concesionarse, to obtain a concession). Related noun: concesión, concesionario (concessionaire).