Are the nonprofit organizations suitable to engage in BOT or BLT scheme? A feasible analysis for the relationship of private and nonprofit sectors

There has been a recent increase in both developing and developed countries in an effort to meet the economic growth through build–operate–transfer (BOT) concessions. However, BOT-type schemes are not only suitable between public sector and private sector, but they can be applied to the third sector, nonprofit organizations (NPOs) as well. The major purpose of this paper is to propose a new feasible mode for build–lease–transfer (BLT) by analyzing the partnership among the constructors, the banks and the NPOs. The “triple win” solution for the main participants can be achieved by means of the successful BLT-based development.