Role of Public-Private Partnerships in Infrastructure Development

Sreeja06 Dec, 2022Business

Public Private Partnership (PPP) is a long-term contractual agreement between a government agency and a private sector entity to develop public service facilities and infrastructure assets. The core objective of the PPP project delivery model is to use less public money and raise private capital through a mutual reward and risk-sharing agreement with a private entity or a consortium of private sector entities. The participation of the private sector in public-private partnership projects ensures the inflow of private investment, technology, expertise, and better quality.