A Build-Operate-Transfer (BOT) contract is a model used to finance large projects, usually infrastructure projects, developed through a public-private partnership.
BOT projects are usually large scale greenfield infrastructure projects that would otherwise be financed, built and operated exclusively by the government.
Under a Build-Operate-Transfer (BOT) contract, an organization—usually the government—grants a private company a concession to finance, build, and operate a project for a period of 20 to 30 years in the hope of making a profit. .
After this period, the project is returned to the state entity that originally granted the concession.
The Americans with Disabilities Act (ADA) was passed in 1990 to prevent discrimination against people with disabilities in the workplace and in employment.
Autarky refers to a state of self-sufficiency and is commonly used to describe countries or economies that seek to reduce their dependence on international trade.
Capitalism is an economic system characterized by private ownership of the means of production, especially in the industrial sector, in which labor is paid only according to wages.
The term “discount rate” can refer to either the interest rate the Federal Reserve charges banks for short-term loans or the rate used to discount future cash flows in a discounted cash flow (DCF) analysis.