BOT Project Financing - Could That Help Develop Haiti Faster?

Haiti Open For Business

While listening to the online town hall meeting held my candidate Michel Martelly yesterday, I found out that there is actually a name for it.

It's called "BOT" (build-operate-transfer) - Also called BOOT (build-own-operate-transfer)

Build-Operate-Transfer (BOT), in Haitian term, is a form of project financing, wherein a private entity operates under a contract or license associated with a degree of exclusivity in business in Haiti from the private or public sector to finance, design, construct, and operate that business. (source: Wikipedia)

This enables the project proponent to recover its investment, operating and maintenance expenses in the project.

Say for example, a big corporation like MARIOTT wants to develop an beach area in Haiti by building a resort. The government would allow them to build it, run it for say 20 years, then hand it back to the government.

In those 20 years, that big corporation would receive some form of a tax break, let's say, from the Haitian government that would allow them to recover the cost of building and running the resort, and of course make a profit. (What's in it for them?)

Something like that, I believe, is a good way to develop our coastal areas... after all... who among us has the pockets deep enough to build such a gigantic project.

If some of us do... Kiyes nan nou ki gen volonte-a tout bon? (Who's willing to do it for real?)

Let's not forget the number of jobs that would be created and other countless side jobs that would be created as a results of the increased activities in that area.

Also, the positive promotion that would come out of it for our country.

It is true that Jamaica is a poor country, but there is this area that the locals call "tourist town" and because or it, I constantly see commercials on television in the United States singing "Come to Jamaica and you will be all right!"

I wouldn't mind having that for Haiti...

What do we have to do to make it happen?

What do you think about that?

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Read more: Michel Martelly, Investing in Haiti, Haiti Reconstruction, Marriott, BOT Projects, Build–operate–transfer, Politics of Haiti, Business

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