Public and Private Partnerships

Public-Private Partnerships (PPPs) are collaborations between government agencies and private companies to finance, build, and operate projects like roads, schools, or hospitals. These partnerships allow public entities to leverage private sector expertise, efficiency, and funding, reducing the burden on taxpayers. In return, private partners often receive agreed-upon payments or revenues over time. PPPs aim to deliver public services or infrastructure more effectively and efficiently while sharing risks and rewards between both sectors. They are strategic relationships designed to improve public resources through cooperative effort, ensuring benefits for society, economy, and community development.