Explain the merits and demerits of Public Private Partnerships.
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Merits Inflow of private investment: PPP attracts private investment which is of utmost importance to undertake such essential projects. Increased efficiency: Involvement of private sector will bring efficiency in implementation of projects and cut down cost and time. Innovation: It helps in bringing innovative design and constructive practices. Better economic viability: Involvement of experienced and creditworthy sponsors and commercial lenders can increase economic viability of the projects. Risk sharing: The structuring of a PPP project allocates the risks to the agency which can handle it most suitably.
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