legal analysis of bot project

BBOOTT

Email: Sheykh_mj@yahoo.com

Email: SNEBRAHIMI@YAHOO.COM

Email: majidfarahani@modares.ac.ir

BOT

BOT

BOT

BOT

.

BOT

"

"

BOT

1 - TFCL Management

2 - Technical 3 - Financial 4 - Contractual 5 - Commercial 6 - Legal

7- Case Study

8- Qualitative

BOT

BOT

""BOT

BOT

BOT

BOTBUILD OWN TRANSFER

BOOTBuild Own Operate Transfer

BOTBuild, Operate, Transfer

DBFODesign, Build, Finance, Operate

BOT

BLT(Build, Lease, Transfer)BLOT ( Build, Lease, Operate, Transfer)

BOO(Build, Own, Operate)

BOT

BOT

1- Exploratory

2- Lenders

3- Sponsors

BOT

BOT

BOO- Build Own Operate

BLOT-Build Lease Operate Transfer

BOT-Build operate Transfer

ROT- Rehabilitation Operate Transfer

ROL -Rehabilitation Operate Lease

BOOBOT

BOT

BOT

1- Project Finance

2- Non-Recourse

3- Limited Recourse

BOT

BOT

BOT

BOT

BOT

BOT

1- SPV-Special Purpose Vehicle 2-Concession Agreement

BOT

BOT

Off-Take Contract

Off taker

Concession agreement

Take-or-Pay

Hell-or-high water

Take-and-pay

Long-term sales

Take- or- pay

Hedginghedging

(Tak-or-pay

Contract for Differences- (CFD)CFD

ThroughputTransportation

Take-or-PayBOT/BOOT/BTO/BOOTake-

and-payLong-Term Sales

Hedging

CFDThroughput

ECAPPAPPA

Take-or-payECA

COD(Performance Tests)

1-Energy Conversion Agreement 2- Power Purchase Agreement 3- Tariff 4-COD(Commercial Operation Date) 5-Tarrif Indexation 6-Penalties

EPC

EPC

COD

PPA

BOT

(EPC)

(O&M)

(EPC)

1-Late Completion 2-Liquidate Damage 3- Operation & Maintenance

BOT

BOT

EPCEPC

EPC

EPC

EPC

EPCooooooooooo

EPCEPC

EPC

(Notice to Proceed)NTP

EPC

1-Scope of Contract

EPC

(Mechanical Completion)

CODEPC

(Panch list)

EPC

(O&M)

O&M

O&M

O&M

O&M

EPC

O&M

O&M

1-Initial acceptance (Provisional acceptance) 2-Substantial Completion 3-Final acceptance 4-Force Majeure

O&M

O&MO&M

O&MO&M

EPC

O&M

O&M

O&MEPC

O&M

ooooooooooo

1-Effectiveness 2-Project Permits

(EIA)

EIAEIA

EPC

BOT

.

(Construction And Erection All Risks-CAEAR)

."

1-Environmental Impact Assessment 2-Investment and Finance Permits 3-Broker

BOT

BOT

BOT

BOT

(due-diligence)

-

-

-EPC

-

-

-

-

-

EPC

-EPCEPC

EPCEPC

EPC

EPC

EPC

(LD)

EPC

EPC%

EPC

EPC

EPC

EPC

EPCEPC

EPCEPC

EPC

(LD)EPC

LD

1-Liguidated Damage

(Utility)

Take- or- Pay

(Payment Guarantee)

EPC

EPC

LIBOR

EPC$MM€

$€$

EPC$

BOTBOT

ECA

(ECA)

BOT

BOT

BOT

BOT

BOT

Dispute Resolution

ECA

(ICC)

1- Export Credit Agencies

ICC

BOT

:

–

BOT

.IPP

IPP

BOTBOT

BOT

BOT

BOT

BOT

BOT

BOT

BBC Persian

BOT7. Joint Committee of The American Institute of Architects(AIA) & The Associated General

Contractors of America(AGC), Primer on Project Delivery, 2004. 8. Pakkala, Pekka, Innovative Project Delivery Methods for Infrastructure –An International

Perspective. Helsinki, Finnish Road Enterprise, ISBN 952-5408-05-1, 2002. 9. AIA Minnesota, Understanding Project Delivery for the Design and Construction of Public

Buildings, www.aia-mn.org. 10. Joint Board of Practice of the Alberta Association of Architects and The Association of

Professional Engineers, Geologists and Geophysicists of Alberta, Alternate Forms Of Project Delivery, 2005.

11. Trauner Consulting Services, Inc., Construction Project Delivery Systems An Procurement Practices, 2007.

12. John Fyfe, Innovative Ways to Finance Infrastructure - BOO/BOT Projects, Challenges and Opportunities in Transportation, Investment Office-Private Sector Group

13. Sameer Al-Mubarak, Assaf, Build, Operate and Transfer (BOT) Project Delivery System in Saudi Arabia, King Fahd University of Petroleum and Minerals College of Industrial Management, 2003.

14. Fight, Andrew, Introduction to Project Finance, Butterworth-Heinemann publications, http://books.elsevier.com, 2006.