The regional government of Brittany has launched a tender for the operation and maintenance of the commercial port of Lorient. The port is located in the Morbihan department of Brittany, north-west France.
Over the 10-year contract, the concessionaire will, at their own risk, ensure the overall financial balance of the concession and bear the full cost of operating the port services. They will be remunerated by the operating revenue of the services, in particular the fees collected from users.
The concessionaire will also finance the contractual investment program of the port, and pay an annual fee to the regional government, comprising a fixed portion and a variable portion dependent on the port's performance. If port revenue exceeds projections, the concessionaire will undertake to pay the region a share of its profit.
The total estimated investment is EUR175 million (US$200 million). The tender deadline is 14 March 2019.
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