B.O.T

• As one method of privatisation in our country. 
• Privitasation policy started in 1983 . 
• Only in 1985 - seriously effort pursued by govenment . 
• Malaysian Government defines privatization as the transfer of the government's obligation in providing goods and services that are traditionally within its domain to the private sector . 
• In the process the government transfer its ownership of assets or rights to use to the private sector together with its other commitment , rights , 'liabilities '. 
• Can take the form of : B.O.T ( Built , Operate , Transfer . Eg : PLUS , B.O.O.L ( built , operate , Own , Licence . - TV3 , ) T.O.O ( Transfer , Operate , Own , - TELEKOM ) 
• B.O.T. is a concept of development where private sector is given a concession of sponsoring and subsequently operate a certain project ( usually infrasructure projects ) which traditionally is the doamin of the goverment with their own cost . 
• The project is then transferred back to the government after the concession period . 
• The government then may decide wherther to further extend the concession to the original promoter with some return or may decide to operate on its own .