“Public Private Partnerships (PPPs) are a very broad range of partnerships where the public and private sectors collaborate for mutual benefit.
PPPs were first developed in the UK in the 1990s in order that public authorities could make use of private sector companies’ expertise in providing certain services, thereby delivering better value for money for tax payers.
Facing constraints on public resources and fiscal space, while recognizing the importance of investment in infrastructure to help their economies grow, governments internationally are increasingly turning to the private sector as an alternative additional source of funding to meet the funding gap.
While recent attention has been focused on fiscal risk, governments look to the private sector for other reasons…”
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Topics Include
Government, P3, PPP, public private partnerships
