Build Own Transfer

Build Own Transfer

The transfer of a project back to the party granting the concession, either with or at no cost.

Build Own Transfer

To transfer responsibility for a project from one party to another.
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The first Boo or Build Own Transfer project under the privatisation of the water and wastewater sectors in Saudi Arabia is the design, supply, construction and operation of a 400,000 cu m per day wastewater treatment plant in Riyadh.
Apart from any constitutional or regulatory obstacles to setting up independent power plants (IPPs) or signing up for fixed term build own transfer (BOT) contracts, potential investors would require promises on the creation of a more open market before committing themselves.
The 180-megawatt plant is the first independent power project under the country's Build Own Transfer (BOT) program to achieve commercial operation.