Business Studies, asked by Shibo2848, 1 year ago

what is meant by public private partnership

Answers

Answered by mishti53
1

Answer:

Public-private partnership (PPP), partnership between an agency of the government and the private sector in the delivery of goods or services to the public. ... In its most basic sense, a partnership is any business or institutional association within which joint activity takes place.

Answered by Anonymous
0

PPP (Public Private Partnership):

▪ PPP is an arrangement between government and private sector for the provision of public assets and/or public services.

▪ In this type of partnership investments being undertaken by the private sector entity, for a

specified period of time.

▪ As PPP involves full retention of responsibility by the government for providing the services it doesn’t amount to privatization.

▪ There is a well defined allocation of risk between the private sector and the public entity.

▪ Private entity is chosen on the basis of open competitive bidding and receives performance linked payments.

▪ PPP route can be alternative in developing countries where governments faced various constraints on borrowing money for important projects.

▪ It can also give required expertise in planning or executing large projects.

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