Q.State the meaning of public private partnership.

Public Private Partnership (PPP) is a model that allocates tasks, obligations and risks among public and private partners in the most optimal manner.

• Public partners: government entities — ministries, departments, municipalities or state-owned enterprises.
• Private partners: local or foreign businesses/investors with technical or financial expertise. …

The Public Private Partnership (PPP) model brings the government and the private sector together on a project. Its defining idea is that it allocates tasks, obligations and risks among public and private partners in the most optimal way — each side does what it is best placed to do.

Who the partners are

• Public partners: government entities — ministries, government departments, municipalities or state-owned enterprises.
• Private partners: local or foreign (international) businesses or investors with technical or financial expertise relevant to the project.
• Other stakeholders: PPP may also include NGOs and community-based organisations directly affected by the project.

The roles each side plays

• Public sector's role: ensures that social obligations are met and that sector reforms and public investment succeed; it contributes capital for investment and the transfer of assets, along with social responsibility, environmental awareness and local knowledge.
• Private sector's role: uses its expertise in operations, task management and innovation to run the business efficiently.

Where it is used and how it works

• PPP has been used worldwide in areas like power, water and sanitation, hospitals, school buildings, roads, railways and housing. …