Public and Private Sector Value for Money
Public Private Partnerships (PPPs) are a refinement of the private financing initiatives for infrastructure that started in the early 1990s and describe the provision of public assets and services through the participation of the government, the private sector and the consumers. There is no single definition of a PPP. Depending on the country concerned, the term can cover a variety of transactions where the private sector is given the right to operate, for an extended period, a service traditionally the responsibility of the public sector alone, ranging from relatively short term management contracts (with little or no capital expenditure), through ...