A decommissioned World War II-era destroyer docked near downtown Buffalo in New York is taking on water and listing...
Build, Operate Transfer (BOT)
The participation of Swiftships with a public entity and a strong financial arm can enhance shipbuilding and ship repair trade for the economy in which Build, Operate, Transfer is applied. It is also the case that the public administration increasingly turns to private funding to execute new infrastructure projects. The operations follow the classic BOT format (Construct, Operate, Transfer) and the economy can benefit from this public-private partnership. As a result, infrastructure modernization and employment can flourish within the region.