Three subjects in BT mode:
1, project owner. Refers to the institution or company designated by the government of the country where the project is located and its subordinate departments, also known as the project sponsor. Responsible for the bidding of the project construction concession. In the process of project financing construction, the owner does not legally own the project, but gives the project a certain amount of ancillary loans or loan guarantees as support for project construction, development and financing. After the project is completed and handed over, it will have the ownership and management right of the project.
2.BT invests in the construction party. BT party obtains the concession of project construction from the government of the country where the project is located through bidding. Responsible for providing funds and technology needed for project construction, arranging financing and organizing project construction, and taking corresponding project risks. Through bidding, corresponding design units, construction units, supervision units, equipment and raw material suppliers will be produced.
3. Lending banks or other relevant units. Financing channels play a very important role in BT mode. The financing channels of the project are generally investors' own assets, syndicated loans and government policy loans. The conditions of the loan generally depend on the economic benefits of the project itself, the management ability and capital status of the BT party, and the preferential policies provided by the government for the project investors.