Build-Transfer (BT) Agreement

A Build-Transfer (BT) Agreement is a legal contract between a government (or public authority) and a private investor, under which the investor finances and builds an infrastructure project (such as roads, bridges, schools, or hospitals) and, upon completion, transfers it to the state. In return, the investor is typically compensated through land use rights, tax incentives, or other agreed benefits. The agreement usually covers project scope, construction standards, funding, handover conditions, risk allocation, dispute resolution, and termination terms. From 2022–2024, BT projects in Vietnam were applied mainly in transportation and urban infrastructure, although the model has been gradually replaced by other PPP (Public-Private Partnership) forms due to legal reforms. Forecasts for 2025–2030 suggest that while pure BT contracts may decline, hybrid PPP models incorporating BT features will continue to develop for strategic infrastructure needs. Download the standard Build-Transfer (BT) Agreement template and receive expert consultation with step-by-step drafting guidance via hotline 0977 523 155.