2. With respect to the Engineering, Procurement and Construction (EPC) Model, Consider the Following Statements:
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- 1. Under this model, the cost borne by the Government and the private player is 50:50.
- 2. Government invites bids for engineering Knowledge from the private players and the Procurement of raw materials and Construction costs are met by the Government.
Which of the statement(s) given above is/are correct?