PPP (Public-Private Partnerships)

Public-Private Partnerships (PPPs) are cooperative arrangements where government agencies work with private companies to finance, build, and manage infrastructure projects like roads, hospitals, or schools. These partnerships leverage private sector expertise and investment to deliver public services more efficiently, often reducing costs and speeding up project completion. The private partner typically invests upfront and recovers costs through long-term agreements, such as user fees or government payments. PPPs aim to improve public infrastructure by combining public oversight with private sector innovation, ensuring that projects meet public needs while sharing risks and responsibilities between sectors.