Document background
The Build Own Transfer Agreement is a specialized contract used in Hong Kong for infrastructure development projects where a private entity undertakes to construct and operate a facility before transferring it to the government. This agreement type is particularly suitable for large-scale infrastructure projects where public authorities seek private sector expertise and financing while maintaining long-term public ownership. The document comprehensively covers the entire project lifecycle, from initial construction through operational phase to final transfer, incorporating Hong Kong's regulatory framework, particularly the Buildings Ordinance, Environmental Impact Assessment Ordinance, and relevant public-private partnership policies. It includes detailed provisions for construction standards, operational requirements, revenue mechanisms, risk allocation, and transfer conditions, while ensuring compliance with Hong Kong's legal and regulatory requirements for infrastructure development.
