Daily Point 2257 - LROT (Lease Renovate Operate and Transfer)

 

The Banking Tutor 

Daily Point 2257 

LROT

(Lease Renovate Operate and Transfer) 

Lease, Renovate, Operate, and Transfer (LROT) is a public-private partnership model where a private company leases an existing government facility, renovates it, operates it for a fixed period to recoup its investment, and then transfers the facility back to the government. This model is used for improving existing infrastructure, such as hydropower stations, and differs from the more common Build-Operate-Transfer (BOT) model because it starts with an existing, rather than a new, facility.

Sekhar Pariti

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