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Build-Operate-Transfer (BOT) <ref> in some countries, such as Canada, Australia and New Zealand, the term used is Build-Own-Operate-Transfer (BOOT) </ref> is a form of project financing, wherein a private entity receives a concession from the private or public sector to finance, design, construct, and operate a facility for a specified period, often as long as 20 or 30 years. After the concession period ends, ownership is transferred back to the granting entity.
