A Build, Own, Operate and Transfer (BOOT) scheme allows external private investment to fund the construction, development or improvement of a car park. The investor then owns the licence for the car park and contracts Ace Parking to manage the facility on their behalf.
Although a BOOT scheme can be complex, involving a tender process and negotiation of final arrangements to transfer back the concession and assets within a specified period of time, it can provide an ideal solution for government, education, health or not-for-profit organisations.