The graph below shows the contractual structure of a typical bot project or a typical concession, including loan agreements, the shareholder contract between the project company`s shareholders and the subcontracting of the enterprise and construction contract, usually between the project company and a member of the project company consortium. Each project will have some modification of this contractual structure according to its specific requirements: not all BOT projects require a guaranteed supply of inputs, so it may not be necessary to conclude an agreement on the supply of fuels and requirements. The payment flow can be made in whole or in part by public rates and not by a buyer. The Bangkok Mass Transit Public (BTS) transit system, Bangkok`s high-speed train system, is an example of the BOT project. The project was implemented as part of a 30-year BOT concession agreement between the dealership and the Bangkok Metropolitan Authority (City Government). Many BOT port and road projects have been carried out in the region. The Nhava Sheva International Container Terminal (NSICT) is an interesting example of efficiency gains through a BOT project in the port sector. In 1997, the Jawaharlal Nehru Port Trust (JNPT), India, signed an agreement with a consortium led by P-O Australia to develop a two-bed container terminal on the BOT base for 30 years, at a cost of $200 million. The project was completed as planned and began operating on the new terminal in 1999. In the first year of operation, the terminal was much more traffic than expected. Private participation has also resulted in impressive efficiency gains.
Efficiency indicators such as average vessel transit times and port day performance at the terminal were comparable to other ports in the region that operate efficiently. In 2003/2004, the average transit time for ships and containers was 2.04 and 1.84 days, well above the corresponding indicators for other comparable terminals in the public sector. An Agreemend Build-Operate-Transfer (BOT) is an agreement under which an investor commits to build, finance and exploit a certain infrastructure value and wait (p.B.