The "Build-Operate-Transfer" (BOT) model in Public-Private Partnership (PPP) involves collaboration between the government and private entities. Here’s a breakdown of each option:
- Option 1: It emphasizes government ownership throughout the project's lifespan - Incorrect. In the BOT model, the government does not retain ownership throughout the project's life. Instead, the private entity owns, operates, and manages the project for a set period before transferring ownership to the government.
- Option 2: It involves only private sector stakeholders - Incorrect. While the private sector plays a crucial role in the BOT model, it is a partnership between both the government and private sector. The public sector is involved in the development and transfer phases of the project.
- Option 3: It allows private entities to finance, operate and eventually transfer the project back to the public sector - Correct. In the BOT model, private entities are responsible for financing and operating the project for a specified time. After this period, ownership of the project is transferred back to the public sector. This model is often used in large infrastructure projects like roads, bridges, or utilities.
- Option 4: It focuses exclusively on residential development - Incorrect. The BOT model can be applied to a variety of sectors, including infrastructure, transportation, utilities, and more. It is not limited to residential development.
Conclusion:
The BOT model stands out in city planning because it allows the private sector to finance, operate, and eventually transfer the project back to the public sector. The correct answer is:
Answer:
Option 3: It allows private entities to finance, operate and eventually transfer the project back to the public sector