Public-private partnerships (PPP)

Public-private partnerships (PPPs) are collaborations between government entities and private companies to deliver public services or infrastructure projects. In a PPP, both parties share resources, risks, and rewards. This approach can lead to improved efficiency and innovation, as the private sector often brings expertise and funding. Examples include building roads, schools, or hospitals. The government typically contracts the private partner to manage the project while maintaining oversight to ensure public interest is upheld. Overall, PPPs aim to leverage the strengths of both sectors to achieve better outcomes for communities.