What is BUILD, LEASE, TRANSFER (BLT)?

A public-private partnership (PPP) project model in which a private organization designs, finances and builds a facility on leased public land. The private organization operates the facility for the duration of the lease and then transfers ownership to the public organization.

More On This Topic



Link to This Definition
Did you find this definition of BUILD, LEASE, TRANSFER (BLT) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary