What is a public private partnership?

Question

03 Apr 2023

Answer :

Word Count : 452

A public-private partnership (PPP) is a contractual arrangement between a government entity and a private company or consortium, where both parties share resources and risks to achieve a common goal. PPPs are usually formed to finance, design, construct, operate, and maintain public infrastructure projects, such as roads, bridges, airports, hospitals, schools, water and waste management systems, and other public utilities.

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