Question
Which of the following statement/s is/are correct
regarding the BOT model of investment? I. Under the BOT model, a private player is granted a concession to finance, build and operate a project for a specified period of time. II. It is a conventional Public-Private Partnership model in which a private partner is responsible to design, build, operate and regulate the project for its entire life. III. Private sector partner has to bring the finance for the project and take the responsibility to construct and maintain it.Solution
In the Built-Operate-Transfer model, the project has to transfer to the Government after the investment recovery and certain profit.
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Which global financial center has the largest number of financial institutions within its city limits?
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