Build-Operate-Transfer (BOT) definition

Build-Operate-Transfer (BOT) means where the private party designs, constructs, finances, operates and maintains an infrastructure facility owned by the private party for a specified period not exceeding thirty years, or such longer period as may be agreed, after which private party transfers the facility to the contracting authority.
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Build-Operate-Transfer (BOT) means the contractual arrangement under which a private entrepreneur will participate in the creation of infrastructure facilities and operating it for the contracted period and transferring the facilities to the GOU after the contracted period.
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Build-Operate-Transfer (BOT) means a Build-Operate-Transfer contract to build a facility; after the completion of the constructed facility, the investor shall have the right to commercially operate such facility for a fixed term; at the end of such term, the investor(s) shall transfer the facility to the Government.
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Examples of Build-Operate-Transfer (BOT) in a sentence

  • The EDC will be established on a Build-Operate-Transfer (BOT) model of operation.

  • The Authority has identified the Project that is to be implemented, through Public Private Partnership, on a Build-Operate-Transfer (BOT) basis.

  • The Portal-India-EDC shall be established on the Build-Operate-Transfer (BOT) model of operation.

  • In Build-Operate-Transfer (BOT) projects, the sponsor provides a concession that permits a promoting team to build a facility and to operate it for a specific amount of time.

  • In this context, Build-Operate-Transfer (BOT) model was considered as an effective way to generate a partnership between public and private sectors as well as to join their financial resources, know-how and expertise to meet the challenges facing service provision systems.

  • A Build-Operate-Transfer (BOT) project is a concession contract in which a Principal, grants a concession to a Concessionaire who is responsible for the construction and operation of a facility over the period of the concession before finally transferring the facility, at no cost to the Principal, as a fully operational facility.

  • The contractual arrangement shall be based on Build-Operate-Transfer (BOT) scheme such as new bulk water supply, sewage and septage facilities.