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Build-Operate-Transfer Contract Pdf

In addition to BOT projects, infrastructure projects are also carried out in a number of other structures and contractual agreements. For more information on PPP agreements, visit the World Bank, PPIAF, and IFC`s Infrastructure Resource Center on Laws, Contracts, and Regulations. Each project will include a variant of this contractual structure according to its particular requirements: not all BOT projects require a guaranteed supply of inputs, so no agreement on the supply of fuels/inputs can be required. Cash flow can be realized in whole or in part via the general public`s tariffs and not by an accepting buyer. The following graph shows the contractual structure of a typical BOT project or CONCESSION, including loan agreements, shareholder agreement between the project company`s shareholders, and subcontracts for the operating agreement and construction contract, which typically takes place between the project company and a member of the project company consortium. As part of a design-build-operate (BOD) project, the public sector owns and finances the construction of new assets. The private sector designs, builds and operates the assets necessary to deliver certain agreed services. Documenting a BOD is usually simpler than a BOT or concession because there are no financing documents and usually consists of a turnkey construction contract plus an operating contract or a section added to the turnkey contract that covers the operation. The operator assumes no financing risk or minimal risk for capital and generally receives an amount for the design and construction of the plant, which is payable in installments upon completion of the tree blocks, and then operating costs for the duration of operation. The operator is responsible for the design and construction as well as the operation, and therefore if parts need to be replaced during availability before the presumed service life, the operator is likely to be responsible for the replacement. This section discusses BOT concessions and projects in more detail. It also deals with power removal/purchase agreements, input/mass supply contracts, and implementation agreements that are widely used in BOT projects involving power plants. This section does not deal with the complex set of financial documents typically found in a BOT concession or project.

Concessions, build-operate-transfer (BOT) projects, and design-build-operate (BOD) projects are types of production-oriented public-private partnerships. BOT and BOD projects typically include extensive planning and construction, as well as long-term operations for new buildings (greenfield) or projects with significant redevelopment and expansion (brownfields). Below are definitions of each type of agreement, as well as the main features and examples for each agreement. This page also contains links to sector-specific checklists, toolkits and PPP information. A build-operate-transfer (BOT) agreement is an agreement under which an investor commits to build a specific infrastructure asset (e.B an airport, port, power plant, water supply system, etc.) build, finance, finance and operate the construction for a period of time before transferring the infrastructure plant to the government. The duration of such an agreement is generally long enough for the investor to cover the investment costs of infrastructure construction by charging a tariff or user fee during the period during which it operates the infrastructure. Source: IIED Briefing 4: Investment Contracts (2007) A build operate transfer (BOT) project is typically used to develop a discrete asset rather than an entire network, and is usually completely new or new (although renovations may be required). In a BOT project, the project company or project operator typically generates its revenue through a fee charged to the utility/government, rather than through rates charged to consumers. In common law countries, a number of projects are called concessions, such as toll road projects.

B, which are new constructions and have a number of similarities with BOT. A concession gives a concessionaire the long-term right to use all supplies transferred to the concessionaire, including responsibility for operations and certain investments. Ownership of assets remains in the hands of the authority, and the authority is usually responsible for replacing larger assets. Assets shall revert to the Authority at the end of the concession period, including assets acquired by the concessionaire. In a dealership, the dealer usually receives most of its income directly from the consumer and therefore has a direct relationship with the consumer. A concession covers an entire infrastructure system (i.e. it may also include the acquisition of existing assets by the concessionaire and the construction and operation of new assets). The concessionaire pays a concession fee to the authority, which is usually assigned and used for the replacement and expansion of assets.

A concession is a specific term in civil law countries. To confuse things, in common law countries, projects more closely described as BOT projects are called concessions. .

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