Public-Private Partnership (PPP)

A Public-Private Partnership (PPP) is a collaborative agreement between a government and private companies to deliver public services or projects. The government may lack the resources or expertise to manage these initiatives alone, so it partners with private entities. This can involve building infrastructure like roads, schools, or hospitals, where the private sector invests and manages the project while the government ensures public needs are met. In return, the private partner might receive payments, tax benefits, or a share of the revenue generated. PPPs aim to improve efficiency, reduce costs, and leverage private innovation for public benefit.