Question

After 1991 government wanted to speed up the infrastructure development that requires huge investment and expertise in the comeing years government devised a way for it in which public sector enterprises through clear agreements like terminal 3 of indra gandhi international airport
1) what such agreement are called ?
2) write any three advantages of such agreements?

Answer 1

Answer:

1)Private Public Partnership

Advantages

1)Ensure the necessary investments into public sector and more effective  public resources management;

2)Ensure higher quality and timely provision of public services;

3)Mostly investment projects are implemented in due terms and do not impose unforeseen public sectors extra expenditures;

4)A private entity is granted the opportunity to obtain a long-term remuneration;

5)Private sector expertise and experience are utilized in PPP projects implementation;

6)Appropriate PPP project risks allocation enables to reduce the risk management expenditures;

7)In many cases assets designed under PPP agreements could be classified off the public sector balance sheet.

Hope this helps you!!!!