With reference to Public-Private Partnership (PPP) models in Indian infrastructure, consider the following statements: 1. In the Engineering, Procurement, and Construction (EPC) model, the entire financial risk and investment are borne by the private developer. 2. In the Build-Operate-Transfer (BOT) Toll model, the private developer is responsible for financing, constructing, and operating the project, and recovers investment through toll collection. 3. The BOT (Annuity) model eliminates traffic risk for the private developer as the government pays fixed annual payments. Which of the statements given above are correct?

Options:

• A: 1 and 2 only
• B: 2 and 3 only
• C: 1 and 3 only
• D: 1, 2 and 3

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