The Build-Transfer (BT) option stands on the public end of the private participation spectrum. Build-Transfer or "turnkey" approaches involve the public sector "ordering" a project and the private sector delivering it on site. The private participant provides design, construction and construction financing, and the public agency in charge provides permanent financing and operations. BT projects also result when a public infrastructure project is either located near or would otherwise provide significant benefit to a privately owned property or company. In these
circumstances, by designing, building, and transferring an infrastructure facility to the public domain, the private sector can realize significant benefit while simultaneously creating real value for the public at large.