4. With respect to the Build Own Operate and Transfer (BOOT), consider the following statements:
- BOOT (build, own, operate, transfer) is a public-private partnership (PPP) project model in which a private organization conducts a large development project under contract to a public-sector partner, such as a government agency.
- The public-sector partner may provide limited funding or some other benefit (such as tax exempt status) and the private-sector partner assumes the risks associated with planning, constructing, operating and maintaining the project without any specified time period.
Which of the statement(s) given above is/are correct?