BOT Project Financing - Could That Help Develop Haiti Faster?

I was always wondering what the proper term was for when a company comes into a country like Haiti, builds something, operates it, and hands it over to the government after a number of years.

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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Responses

Miejo says...

OU NEGATIF MON CHE, MWEN CNPRANN DOULE OU, ANGWASS OU, min BOT se sa memm souhaitons BOT pour haiti vit vit vit, vit Could that Develop Haiti! a more »

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Sergo Jean says...

It's very nice,I hope to see a project like that,but I do not believe that will happen.The world for itself is in trouble right now and tout moun more »

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Franck says...

I will say go for it. Just imagine if after Duvalier we had 5 resorts in every coastal on Haiti by now the Government will have own them and more »

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Myrtho says...

The BOT Financial Project is a very good approach to resolve the problems.It is about time to put the country into the right track to more »

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David Grant says...

Presently, Haiti is in no position to attract foreign investors. It has to regulate this volatile political climate that is plaguing the more »

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Negbelair says...

that would definately work in Haiti's favor especially with the subject of oil and natural gas in Haiti. It seems like no one wants to talk about more »

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Josy says...

I have seen it done in other countries, and the government cannot do it all. I do not see the companies here taking over the US more »

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Jan Pingga says...

In other words, you waant the companies to play the role of government by providing the services Governments and/or living wages more »

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Josy says...

I like the idea very much, and would rather private Haitian investors take over after 20 years. I would like to add a couple requests, and more »

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Marck says...

Hello Great idea cepedantwe have to make sure we are ready because if i spend one million US $ in a place i do not intend to loose it after i more »

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