Azerbaijan, through a new bill, is introducing the build - operate - transfer (BOT) model to develop infrastructure projects in the country.
According to Ziyad Samedzadeh, the chair of the Parliamentary Committee on Economic Policy, the Presidential Administration of Azerbaijan has presented the bill document, which is reviewed by the parliamentarians.
This new bill aims to improve the investment environment for foreign investors to boost the development of infrastructure projects of state importance.
The draft law defines the application of BOT model in the development of, among others: bridges, tunnels, water and sewage systems, health and cultural facilities. The bill allows the BOT contract for a concession period of 49 years.
According to the presented bill, the BOT projects could be repurchased from the investor for state needs with coverage of all costs.