Commercializing Highways

"Several dozen countries have adopted the build-operate-transfer (BOT) model of competitively awarding long-term concessions to private consortia to finance, design, build, and operate major new highways (as toll roads) over the past decade. The pioneers were the toll-road systems of France and Italy, developed using this model in the 1960s and 1970s. But during the 1990s BOT highways spread to other countries in Europe, to Israel and South Africa, to most of Latin America, to much of Asia, and of course to Australia (and in a limited way, to a number of states in the USA)."

Thanks to Chris Steins