build, own, operate, transfer (BOOT)

Financing arrangement in which a developer (1) designs and builds a complete project or facility (such as an airport, power plant, seaport) at little or no cost to the government or a joint venture partner, (2) owns and operates the facility as a business for a specified period (usually 10 to 30 years) after which (3) transfers it to the government or partner at a previously agreed-upon or market-price. See also build, lease, transfer.