P3 Projects

P3 projects, or Public-Private Partnership projects, are collaborative arrangements where governments team up with private companies to deliver public infrastructure or services, such as roads, schools, or hospitals. In these partnerships, the private sector typically funds, builds, and maintains the project, while the government ensures public access and oversight. This approach leverages private sector expertise and investment to complete projects more efficiently and often share risks, reducing the financial burden on government budgets. P3s aim to improve service quality, accelerate project delivery, and foster innovation through collaboration.