PPP (Public-Private Partnership)

A Public-Private Partnership (PPP) is a collaboration between government and private sector companies to deliver public services or infrastructure projects. In this arrangement, the government provides support, while private partners invest capital and expertise. PPPs aim to combine the efficiency of private enterprise with public accountability to improve services like transportation, healthcare, or education. The partners share risks, responsibilities, and benefits, allowing for more innovative solutions and reducing the financial burden on taxpayers. Ultimately, PPPs seek to enhance public welfare while leveraging private sector strengths for better outcomes.