What does build–operate–transfer mean?
Definitions for build–operate–transfer
build–·op·er·ate–·trans·fer
This dictionary definitions page includes all the possible meanings, example usage and translations of the word build–operate–transfer.
Wikipedia
build–operate–transfer
Build–operate–transfer (BOT) or build–own–operate–transfer (BOOT) is a form of project delivery method, usually for large-scale infrastructure projects, wherein a private entity receives a concession from the public sector (or the private sector on rare occasions) to finance, design, construct, own, and operate a facility stated in the concession contract. The private entity will have the right to operate it for a set period of time. This enables the project proponent to recover its investment and operating and maintenance expenses in the project. BOT is usually a model used in public–private partnerships. Due to the long-term nature of the arrangement, the fees are usually raised during the concession period. The rate of increase is often tied to a combination of internal and external variables, allowing the proponent to reach a satisfactory internal rate of return for its investment. Countries where BOT is prevalent are Thailand, Turkey, Taiwan, Bahrain, Pakistan, Saudi Arabia, Israel, India, Iran, Croatia, Japan, China, Vietnam, Malaysia, Philippines, Egypt, Myanmar and a few US states (California, Florida, Indiana, Texas, and Virginia). However, in some countries, such as Canada, Australia, New Zealand and Nepal, the term used is build–own–operate–transfer (BOOT). The first BOT was for the China Hotel, built in 1979 by the Hong Kong listed conglomerate Hopewell Holdings Ltd (controlled by Sir Gordon Wu).
Wikidata
Build–operate–transfer
Build–operate–transfer or build–own–operate–transfer is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility stated in the concession contract. This enables the project proponent to recover its investment, operating and maintenance expenses in the project. Due to the long-term nature of the arrangement, the fees are usually raised during the concession period. The rate of increase is often tied to a combination of internal and external variables, allowing the proponent to reach a satisfactory internal rate of return for its investment. Examples of countries using BOT are Thailand, Turkey, Taiwan, Saudi Arabia, Israel, India, Iran, Croatia, Japan, China, Vietnam, Malaysia, Philippines, Egypt, Myanmar and a few US states. However, in some countries, such as Canada, Australia, New Zealand and Nepal, the term used is build–own–operate–transfer. Traditionally, such projects provide for the infrastructure to be transferred to the government at the end of the concession period.
Numerology
Chaldean Numerology
The numerical value of build–operate–transfer in Chaldean Numerology is: 6
Pythagorean Numerology
The numerical value of build–operate–transfer in Pythagorean Numerology is: 4
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"build–operate–transfer." Definitions.net. STANDS4 LLC, 2024. Web. 18 Nov. 2024. <https://www.definitions.net/definition/build%E2%80%93operate%E2%80%93transfer>.
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