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.
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