build, operate, transfer project
build, operate, transfer project (BOT)a ‘one-off major construction project such as the building of a petrochemical complex in a country, in which the government is involved in contracting a foreign firm (or firms) not only to design and construct the facility, but also to finance it and run it on completion for a number of years. During this time the firm will expect to recoup its investment on the project before eventually transferring it to the government. See TURNKEY PROJECT.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson