The Build Operate Transfer (BOT) model enables private sector investment in large infrastructure projects. Under the BOT model, a private contractor constructs and operates a facility for a specified period, receiving fees from the public agency to cover costs and investment recovery. Ownership of the facility remains with the public agency. At the end of the operating period, ownership and operation is transferred to the public agency. The BOT model shares risks between the private and public sectors and mobilizes private financing and management for infrastructure development.