Question

Under a build-operate-transfer (BOT) arrangement, a firm or consortium of firms contracts to build a major facility abroad and then transfers ownership to the project sponsor, typically the host-country government or public utility.

Answer 1

False

Step-by-step explanation:

Build-operate-transfer (BOT) is a type of public-private partnership project.

In a BOT project, a private company (or consortium of companies) agrees to finance, build and operate a facility that is used to provide a public service. In exchange the private company signs a concession contract for the operation of the facility and providing the public service, e.g. utilities, highways, bridges, dams, etc.