Many BOT port and road projects have been carried out in the region. The Nhava Sheva International Container Terminal (NSICT) is an interesting example of efficiency gains through a BOT project in the port sector. In 1997, the Jawaharlal Nehru Port Trust (JNPT), India, signed an agreement with a consortium led by P-O Australia to develop a two-bed container terminal on the BOT base for 30 years, at a cost of $200 million. The project was completed as planned and began operating on the new terminal in 1999. In the first year of operation, the terminal was much more traffic than expected. Private participation has also resulted in impressive efficiency gains. Efficiency indicators such as average vessel transit times and port day performance at the terminal were comparable to other ports in the region that operate efficiently. In 2003/2004, the average transit time for ships and containers was 2.04 and 1.84 days, well above the corresponding indicators for other comparable terminals in the public sector. An example of this agreement is the contracts in which a state-owned supply company acts as a buyer and purchases electricity from a private facility. Under a traditional concession, the company would sell directly to consumers without government intermediaries. BOT agreements often set minimum prices that the buyer must pay.
The operation and maintenance of the facility for the concession period (usually between 10 and 30 years) as part of an O-M agreement The table below shows the contractual structure of a typical bot project or a concession granted, including loan agreements, the shareholders` pact between the project company`s shareholders and the subcontracting of the enterprise and construction contract, which generally exist between the project company and a member of the consortium of project companies. The Bangkok Mass Transit Public (BTS) transit system, Bangkok`s high-speed train system, is an example of the BOT project. The project was implemented as part of a 30-year BOT concession agreement between the dealership and the Bangkok Metropolitan Authority (City Government). THE BOT is widely used in infrastructure projects and public-private partnerships. Under the BOT, a third party, for example public administration. B, delegated to a private organization to design and build infrastructure and operate and maintain these facilities for a period of time. During this period, the private party is responsible for financing the project and is authorized to retain all revenues generated by the project and owns the entities under consideration. The facility is then transferred to the public administration at the end of the concession contract, without remuneration from the private entity concerned. Some, if not all, of the following parts could be involved in any BOT project: an Agreemend Build-Operate-Transfer (BOT) is an agreement whereby an investor commits to build, finance and exploit a certain infrastructure value (for example. B an airport, a port, a power plant, a water system, etc.) for a period of time before transferring infrastructure assets to the government.
The duration of such an agreement is generally long enough for the investor to re-take back the investment costs associated with building the infrastructure by applying a tariff or user fee during the period during which he operates the infrastructure. Project Co and the government will enter into a concession agreement setting out the conditions under which they acquire and operate the facility and will be entitled to revenue Each project will involve some modification of this contract structure according to its specific requirements: not all BOT projects require a guaranteed supply of inputs, so an agreement on the supply of fuels and specifications cannot be necessary.