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The Conceptualisation of a Build – Operate – Transfer (BOT) Project

Demetris Savvides

The fundamental purpose of this article is to first give a general overview of fundamental Build, Operate, Transfer (BOT) issues such as definitions, features and the structure of BOT projects as well as its variations, advantages and significant risks. Over the last ten years or so, BOT schemes of development have effectively gained international recognition and acceptance as a finance apparatus to design, construct, operate and manage large scale public functions and projects by private investors at no or minor costs to public authorities worldwide. Nonetheless, one may need to bear in mind that BOT project financing entails significant risks since international experience emphasises the fact that there have existed both failed ventures as well as successful ones. Thus the ultimate objective of this work is to motivate public authorities to put in force special guidance and legislation for the viable governance of the various dimensions involved in BOT project financing.
Keywords: BOT Project Financing; Paradigm of Cost Efficiencies, Strategic Behaviour; Organisational Knowledge and Learning.

Demetris Savvides, PhD Candidate, lecturer at Cyprus International Institute of Management.


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