public-private partnerships in transportation

Public-private partnerships (PPPs) in transportation are collaborative agreements between government entities and private companies to develop and maintain transportation infrastructure, like roads, bridges, and railways. In this model, the government may provide funding or land, while the private sector invests, builds, and manages the project. This partnership aims to leverage private sector efficiency and innovation to enhance public services, reduce costs, and expedite projects. Ultimately, it seeks to improve transportation systems while sharing risks and rewards between public and private partners, promoting better infrastructure for communities without placing the entire financial burden on taxpayers.