Concept and objectives of public private partnerships
Public private partnerships (PPPs) are contractual agreements between public and private partners for the development or management of a project aimed at delivering a public service, whereby a substantial part of the financing and the risks is shared between the public and private parties.
PPPs may aim to increase the availability of financial resources, increase the efficiency of a project or reduce its costs, simplify the development of the project, reduce the lead-time, optimize the whole life cost cycle of the project, allow funding structures that are more reliant on the users, or defer public liabilities without showing them in public accounts. |
