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I provide evidence that the 2D $RP^{N-1}$ model for $N \ge 3$ is equivalent to the $O(N)$-invariant non-linear $\sigma$-model in the continuum limit. To this end, I mainly study particular versions of the models, to be called constraint models. I prove that the constraint $RP^{N-1}$ and $O(N)$ models are equivalent …