BOT is a relatively new approach to infrastructure development, which enables direct private sector investment in large scale infrastructure projects

We design and build the infrastructure, finance its construction, operate and maintain it over a period, often as long as 20 or 30 years. This period is referred to as the "concession" period. Traditionally, such projects provide for the infrastructure to be transferred to the government at the end of the concession period

The BOT approach is a useful alternative to the conventional financing and operation of infrastructure projects.

Advantages of BOT projects:

• The government gets the benefit of the private sector to mobilize finances and to use the best management skills in the construction, operation and maintenance of the project.
• The private participation ensures efficiency and quality
• Cost effective.