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What are public/private partnerships ?

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Public-private partnership (PPP) can be defined as a long-term contract between private party and government agency for providing the public asset or service, in which private party bears significant risk and management responsibility (World Bank, 2012).

Public-personal partnerships permit massive-scale authorities projects, which include roads, bridges, or hospitals, to be finished with non-public investment. These partnerships work well while personal quarter era and innovation combine with public zone incentives to complete work on time and within price range.

The commonplace denominator of a successful PPP is a partnering government worker with multi-zone revel in (public and personal). Full form of PPP is Public-personal partnerships.

Learn more about PPP here:- https://brainly.com/question/29540965

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