Public-private partnerships are increasingly important in delivering major projects. Neil Hughes examines the background.
A public-private partnership (PPP) is a long-term contractual agreement between a government agency and a private partner for the delivery of goods or services.
As partners, each party shares in the potential risks and rewards inherent in the delivery of the goods or service, including financial risks and responsibilities, and quality assurances for the taxpayer. PPPs are not privatisations because the...
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