When a government transfers the rights and obligations of an asset to another legally separate governmental or private sector entity, the transaction is referred to as:

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The described transaction is a service concession arrangement, which involves the transferring of rights and obligations for providing public services (such as roads, bridges or hospitals) to a private sector or a separate governmental entity for a defined period of time. This often includes the construction or improvement of the asset, as well as its maintenance and operation. A special assessment arrangement involves certain property owners paying for improvements or services related to their property specifically. An infrastructure agreement is a generic term that can refer to any agreement related to the financing, construction, or operation of infrastructure assets. A sale-leaseback agreement involves selling an asset and then leasing it back from the buyer, typically as a means of raising capital.

When a Government Transfers the Rights and Obligations of an Asset