The graph below shows the contractual structure of a typical BOT project or concession, including loan agreements, the shareholders` agreement between the project company`s shareholders, and the subcontracts of the operating contract and construction contract typically concluded between the project company and a member of the project companies consortium. Each project will have some variation of this contractual structure depending on its particular requirements: not all BOT projects require a guaranteed delivery of inputs, so a fuel/input supply contract may not be required. Cash flow can be made in part or in full by public tariffs and not by a purchaser. Bot is widely used in infrastructure projects and public-private partnerships. In the bot framework, a third party, z.B, delegates. the public administration, to a private sector entity, to design and construct infrastructure and to operate and maintain such facilities for a certain period of time. During this period, the private party is responsible for financing the project and is entitled to withhold all the revenues generated by the project and owns the entities concerned. 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 parties could participate in any BOT project: the Bangkok Mass Transit System Public (BTS), Bangkok`s rail system, is an example of a BOT project. The project was implemented under a 30-year BOT concession contract between the concessionaire and the Bangkok Metropolitan Administration (the municipal government). A large number of BOT port and road projects have been implemented in the region.
The Nhava Sheva International Container Terminal (NSICT) is an interesting example of improving efficiency 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 for the development of a bot-based twin container terminal for 30 years at a price of $200 million. . . .