Question

Explain features of ppp

Answer 1

long term contractual relationships between public and private sectors (contracts terms from 3 to 25 years);

under the partnerships contract a single private body is responsible to engage not in one type but in complex activity (i.e. to carry out infrastructure objects designing, construction, renovation, repair and maintenance of the assets);

PPP approach can bring value for money in public services delivery;

project-related risks are shared among partners and allocated to the party best able to manage it;