Select the most appropriate option to fill in the blank.
Highways are a catalyst for economic growth but private ______ in this sector has been termed 'tardy' as investors do not appear to be interested in putting their money in long-term projects.
Answer & explanation
Correct answer: option 3
The most appropriate option to fill in the blank is:
☀ investment
Explanation for all options:
-
Contract: This term refers to a legally binding agreement between two or more parties. While contracts may be involved in infrastructure projects, the sentence is focused on private participation through financial contributions, making "contract" less fitting.
-
Transaction: This term refers to an exchange or interaction between parties involving the transfer of something of value. In the context, "transaction" doesn't convey the idea of long-term financial commitment that's being discussed.
-
Investment: This is the correct word. "Investment" refers to the act of putting money into something with the expectation of a return or profit. The sentence is discussing how private investment in the highways sector has been termed 'tardy,' indicating a lack of interest from investors.
-
Operation: This term refers to the functioning or management of a system, organization, or facility. It doesn't convey the financial aspect of putting money into a sector for growth.