Build-Operate-Transfer (BOT) Approach
One of the two main approaches in fiancing the large-scale infrastructure projects. Contrary to State-Build-Own-Operate (SBOO) Approach, BOT Approach awards a project to a project company that operates the project for twenty-five to thirty-five years before it is transferred back to the government. BOT Approach is similar to Public-Private-Partnership (PPP) Approach.
Nearby TermsBuilder buydown loan Builders' All Risk Build-Operate-Transfer (BOT) Approach Bulge Bulge bracket
Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University