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public-private partnership

A public-private partnership (PPP) is a cooperative agreement between government entities and private companies to deliver public services or infrastructure projects. In this model, both parties share resources, risks, and rewards. For example, a government may team up with a private firm to build a road or school. The public sector benefits from private sector efficiency and investment, while the private sector gains opportunities for profit. PPPs can enhance service quality and reduce costs, ultimately aiming to provide better services to the community while leveraging the strengths of both sectors.

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  • Image for public-private partnership

    A public-private partnership (PPP) is a collaboration between government entities and private companies to provide public services or infrastructure. In this arrangement, the public sector benefits from private sector efficiency, innovation, and investment, while the private sector gains opportunities for profit. PPPs are commonly used for projects like roads, schools, and hospitals. Both parties share risks, responsibilities, and rewards, aiming to deliver services more effectively and improve community welfare. The goal is to leverage resources and expertise from both sides to better serve the public interest.