PPP (Public Private Partnership)

Public-Private Partnerships (PPP) are collaborative agreements between a public agency and a private company, typically formed to finance, construct, or operate a public project. A PPP is a contractual arrangement between two or more public and private entities that bring together their respective resources and expertise to achieve shared goals or objectives. The goal of this partnership is to provide the most cost-effective solution for the public sector, while managing risks appropriately for the private partners. Through these PPPs, governments benefit from reduced capital costs, improved service delivery, increased efficiency, greater transparency in terms of public expenditure, and access to innovative ideas and solutions.