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

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 11 (2016), Issue 2, Page 130 - 141

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.


Cyprus ∙ Build Operate and Transfer (BOT) – The Case of Cyprus Airports journal article

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 10 (2015), Issue 3, Page 213 - 225

Over the past fifteen years or so, Cyprus has embarked on a comprehensive structural renovation process to transform itself from a centrally-planned to a market orientated economy. Foreign direct investment has played an imperative role in the country’s socio-economic development process, in which BOT ventures have emerged as the most preferred form of investment in flows in the Island. In this vein, BOT project financing ventures involving experienced foreign companies in critical public functions have appeared as a promising form of business organization in public arenas, such as airport project financing in Cyprus. Facilitating foreign capital flows however has been traditionally rather sluggish bearing limited fruits as there have been many difficulties and obstacles which have stood in the way of the foreign investors who wish to proceed with long term investment in Airport BOT financing ventures. In essence, major impediments seem to stem from the country’s environment, the government policy and interaction with the local partners. On the basis of documented findings, this research has attempted to gain some insights into the situation and has made some recommendations to improve the investment conditions to promote BOT ventures in the future.


The Effectiveness of the Competitive Dialogue Procedure under the EU Consolidated Public Procurement Directive (2004/18/EC) as an Award Procedure for Public Private Partnerships journal article

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 6 (2011), Issue 1, Page 23 - 37

I. Introduction into the paradigm of the competitive dialogue procedure For the utility/infrastructure sectors of the economy, the relevant directives and related policy documents have come to highlight the importance of public procurement as one of the key market domains of the Single Market which remains to be completed1. The creation of a high-performance single European market is so great and the potential benefits from effective liberalization so


The Introduction of the Procurement Process in the Domain of Solid Waste Management in the City of Limassol, Cyprus journal article

Demetris Savvides

European Procurement & Public Private Partnership Law Review, Volume 6 (2011), Issue 2, Page 79 - 84

I. Introduction The problem of waste handling was considered as an environmental and visual impediment to the new outlook of Limassol like in other cities and towns across Cyprus. Public policymakers who once never gave waste management issues a second look, now grant solid waste issues considerable time and attention. Once overlooked and bureaucratically isolated, solid waste directors now receive the support necessary to deliver high level customer

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