BOOT AGREEMENT

BOOT AGREEMENT

Build it, own it, run it then hand it over.

That is the content of a BOOT Agreement.

A BOOT Agreement (meaning Build, Own, Operate and Transfer) is a strategic Public/Private Partnership that drives major infrastructure development without placing the immediate financial burden on the Government.

Under this model, a company finances and constructs a large-scale project such as a highway, power plant, bridge, airport or water facility.

It does not just build, it owns the project for an agreed period, operates it efficiently and recovers its investment together with profit from users or agreed revenue structures.

After the agreed term expires, the entire project is transferred to the Government in accordance with the BOOT contract terms.

This structure allows Government to deliver essential infrastructure while leveraging private sector capital, expertise and efficiency.

It gives investors a clear legal framework to recover costs and earn profit within a protected contractual arrangement.

However, a BOOT Agreement must have financing structure, construction/engineering standards, operational rights, tariff systems, risk allocation, dispute resolution, transfer conditions and timelines.

But ambiguity may lead to massive financial exposure.

When properly structured and legally drafted, a BOOT Agreement is a powerful engine for national development, economic growth and long-term public benefit.

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APEX CHAMBERS, Law Firm of Property/Real Estate and Business/Corporate/Commercial Lawyers, Attorneys, Barristers, Solicitors, Advocates and Legal Practitioners rendering legal services, Legal Consultants and Notary Public with Law Office in Port Harcourt, Rivers State, Nigeria

Phone: +234(0)7030868694 (Calls and Whatsapp)
Email: info@apexchambersglobal.com
Website: www.apexchambersglobal.com.