Question

what is public private partnership? Explain its any two features

Answer 1

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Public-Private Partnership refers to the involvement of private sector in the Govt, projects aimed at public benefit in the form of management expertise and monetary contribution.
The following are the main features of PPP :
PPPs are related to high priority Govt, planned projects.
(2)PPP’s main objective is to combine the skills, expertise and experience of both public and private sectors to deliver high quality services.
(3)PPPs divide the risk between public and private sector.
(4)The Govt, remains accountable for the quality and costs of the services.
(5)PPPs are used in the Govt, projects aimed at public benefit.
(6)PPPs projects lead to faster implementation and reduced life cycle.


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Answer 2

A public–private partnership (PPP, 3P or P3) is a cooperative arrangement between two or more public and private sectors, typically of a long-term nature.[1][2] Governments have used such a mix of public and private endeavors throughout history.[3][4] However, the late 20th century and early 21st century[when?] have seen a clear trend towards governments across the globe making greater use of various PPP arrangements

Typical PPP features include:

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;


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