The build-operate-transfer model as an infrastructure privatisation strategy for Turkmenistan

Turkmenistan is in the process of privatising the state-owned enterprises that help to provide infrastructure for economic development. Build-operate-transfer (BOT) has become a popular mechanism in developing countries for infrastructural privatisation. A Strengths-Weaknesses-Opportunities-Threats (SWOT) analysis is provided whilst the factors for successful BOT implementation are discussed. To evaluate BOT application in Turkmenistan, a descriptive survey of stakeholders is conducted and the results are used to identify and rank the most significant factors affecting BOT implementation. Recommendations to address future challenges faced by both the private and public sectors are provided.