Public-private partnerships are contractual arrangements whereby public authorities and private companies collaborate on a specific, long-term, public-interest project. In most cases the private operator is expected to make a capital investment and assume the project risk in exchange for remuneration linked to performance. The nature of PPPs makes them particularly popular for large-scale infrastructure projects such as the building and maintaining of hospitals, schools, transport systems and energy facilities.
Public-private partnerships are contractual arrangements whereby public authorities and private companies collaborate on a specific, long-term, public-interest project. In most cases the private operator is expected to make a capital investment and assume the project risk in exchange for remuneration linked to performance. The nature of PPPs makes them particularly popular for large-scale infrastructure projects such as the building and maintaining of hospitals, schools, transport systems and energy facilities.