Cap. 22;22 Jonvr Vei{ruREs No.6/2015 coutterparty for a specific period. During the operation perio4 tlre counterparly will be permitted to charge user levies specified in the agreernent, in order to recover the investment made in the project. The counterparty is liable to transfer the project to the Government or the contracting authority after the expiry of the specified period of operation. Bttild, Transfer and Operate (BTO) 6. A contractual arrangement whereby the Government or a contracting authority contracts out a project to a counterparty to construct the facility on a turn ke,v basis, assuming costs overruns, delays and other specified performance risks. Once the facility is commissioned satisfactorily, the counterparty is given the right to operate the project ettd collec.t user levies under an agr€emenl. The title of the project always vests with the Government or the contracting authority in this arrangement. Contract, Adrl and Operate |CAO) 7. A contractual arrangement whereby the counterparty adds to an existing project which it rents from the Government or a contracting authority and operates the expanded project and collects user levies, to recover the investment over an agreed franchise period. There may or may not be a transfer arrangement with regard to the added facility provided by the counterparty. Develop, Operare and Transfer (DOT) 8. A contracfual arrangement whereby favourable conditions external to a new project which is to be built by a counterparty are integrated into the BOT arrangement by giving the counterparty the right to develop adjoining propefty and thus enjoy some ofthe benefits the investment crcates such. as higher property or rent values. Rehabilitate, Operate and Transfe r (ROn 9. A contractual arrangement whereby any existing facility is handed over to a counterparty to refurbish, operate and collect user levies in the operation period to recover the investment and maintain for a franchise period, at the expiry of which the facility is turned over to the Government or a contracting authority. The term is also used to describe the purchase of an existing facility from abroad, and inrporting, refurbishing, erecting and consuming it within the host country. Rehabilitate, Owrz and Operate 10. A contractual arrangement whereby an existing facility is handed over to the counterparty to refurbish and operate with no time limitation imposed on ownership. As long as the counterparty is not in violation of its franchise, it can continue to operate the facility and collect user levies in perpetuity. Baild, Own, Operate and Mcintain Contract 11. A confiactual alrangement whereby a countei?afiy undertakes to f,nance, cons0rrct, operate and maintain a project and whereby such project is to vest in the counterpafty for a specified period. During the period of operatiou of the project, the counterparty may be perrnitted to charge user levies as specified. Le as e Mctnag ement C ont rac t 1 2. A contractual arrangement whereby the Government or a contracting authority leases a project orr,ned by the Government to the person who is permitted to operate and maintain the project for the period specified in the agreement and to charge user levies therefor. Monagement Contract l3 . A contractual arrangement whereby the Government or a contracting authority entrusts the operatiorandmanagementof a projecttoa pemon forthe period specified in 145