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23. Public-private partnership

A public-private partnership (PPP) is a collaboration between a government or public sector entity and a private sector company or consortium. It involves sharing resources, risks, and responsibilities to deliver a public infrastructure or service. PPPs are often used for projects like building and operating transportation systems, hospitals, or utilities. They can offer benefits such as increased efficiency, access to private sector expertise, and cost-sharing, but they also come with challenges related to governance, financing, and long-term sustainability.

A Public-Private Partnership (PPP) is a cooperative arrangement between a government or public sector entity and a private sector company or consortium. This collaboration aims to jointly plan, finance, design, implement, and often operate and maintain public infrastructure or provide public services. PPPs are typically used for projects like building and managing highways, schools, hospitals, or utilities. They allow governments to leverage private sector expertise, resources, and funding while sharing the risks and rewards of the project. PPPs can vary widely in structure and scope, depending on the specific needs and objectives of the parties involved.


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