Public-Private Partnerships (PPPs) are long term contracts where the project functions (operations, financing, construction etc) are transferred to the private firm.
Resource
Public-Private Partnerships (PPPs) are long-term contractual arrangements where the project functions (such as operations, financing and construction) are transferred to a private firm, which manages them for a defined period under contract. The firm is paid according to its performance against the contractual requirements. A PPP allows government to transfer responsibility for the financing and operation of an infrastructure asset. The private operator is able to raise long-term financing for the facility due to the predictable, long-term cashflows from a creditworthy entity (government).
For example, this has been the business model used to finance new hospitals in recent years.
End of Preview
Guest preview of selected publicly available resources