P3 (Public-Private Partnership) models

Public-Private Partnership (P3) models are collaborative agreements where government agencies and private companies share resources, risks, and responsibilities to develop, finance, and maintain projects like roads, schools, or hospitals. In this setup, the private sector often funds and manages the project upfront, with the government providing oversight and future payments or subsidies based on performance. P3s aim to leverage private sector efficiency, innovation, and investment to deliver public services more effectively and cost-efficiently, ensuring projects are built and operated to meet quality standards while reducing financial burden on taxpayers.