Financing BOT Projects

Document Type : Research Paper

Author

Assistant Professor In facaulty of Law of University of Tehran

Abstract

To speed up the industrialization and development in infrastructures are the most important challenge of the developing countries. The core of this challenge is how to finance the process. For the countries that do not have enough energy resources or other natural resources to export, the simple way of financing is borrowing from the international bodies like World Bank or the internationally active financial institutions. But this is the beginning of the complicated problems of economic nature. To overcome these problems and to encourage the private sector investment in the infrastructures, an effective mechanism has been recently derived from the traditional suspicious system of "concession" by the name of BOT (Build, Operate and Transfer) scheme. The cornerstone of BOT approach is the financing the project without the host government being financially indebted. This method of financing called "project finance" is the main subject of this essay.

Keywords

References

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Comparative Law Review
Volume 1, Issue 2
Autumn & Winter
October 2010
Pages 101-122

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