CFR > Title 23 - Highways > CHAPTER I—FEDERAL HIGHWAY ADMINISTRATION, DEPARTMENT OF TRANSPORTATION > SUBCHAPTER H—RIGHT-OF-WAY AND ENVIRONMENT (parts 710 to 777) > PART 710—RIGHT-OF-WAY AND REAL ESTATE > SUBPART G—Concession Agreements (§710.701 to §710.709) > 710.701—Purpose.

710.701—Purpose.

The purpose of this subpart is to prescribe the standards that ensure fair market value is received by a highway agency under concession agreements involving federally funded highways.