What does BOT project mean?

It means construction, operation and transfer.

BOT is the abbreviation of "Build-Operate-Transfer" in English.

Basically, it is a way to invest, build and operate infrastructure. The contract signed by the government and private organizations is a prerequisite. The government issues licenses to the private sector, enabling them to raise funds to build infrastructure and manage facilities and related products and services within a period of time.

BOT can maintain the operation of market mechanism. Most economic activities in BOT projects are carried out in the market, and it is also a competitive mechanism for the government to decide the operation of the project company through bidding. BOT is an effective way of government intervention. Although the implementation of BOT is completely completed by the project company, the government always holds the control right of this project.