BUILT , OPERATE , transfer (B.O.T)

• As one method of privasation in our country
• Privitasation policy started in 1983
• Only in 1985 - serriouslyffortury goverment

1. Malaysiadefines privatization as the transfer of the goverment's obligation in providing goods and servic that aronally within its domain to the private sector .
2. In the process the goverment transfer its ownership of assets or rights to use to the private sector together wwith its other commitment , rights , 'liabilities .
3. Can take the form of : B.O.T ( Built , Operate , Transfer. E.g. PLUS , B.O.O.L ( Built , Operate , Transfer . E.g. : Plus , B.O.O.L ( built , operate , Own , Licence , - TV3 , ) T.O.O ( Transfer , Operate , Own , - TELEKOM ) .
4. B.O.T is a concept of development where private sector is given a CONCESSION of sponsoring and subsequently operate a certain project ( usually infrastructural projects ) which traditionally is the domain of the goverment with their own cost .
5. The Project us then transferred back to the goverment then may decide whether to further extend the concession to the original promoter with some return or may decide to operate on its own .

• .O.T has been widely practised especially in many developed countries such as United State , Uk , Switzerland .
• Uk - EUROTUNNEL ( British & French Promoter ) .
• Australia -Sydney Harbour Tunnel .