Public-Private Partnership (PPP) Agreement
/
/
Public-Private Partnership (PPP) Agreement
/
/
Public-Private Partnership (PPP) Agreement

Public-Private Partnership (PPP) Agreement

A long-term contract between a government and a private entity for delivering public infrastructure or services.

461.30

(3 customer reviews)

Description

A Public-Private Partnership (PPP) Agreement enables collaboration between a government agency and a private sector company to develop, finance, or operate public infrastructure projects. These contracts are widely used for roads, bridges, hospitals, and energy projects. The agreement defines risk-sharing, funding sources, operational responsibilities, and revenue generation models. In a PPP, the private sector typically invests in the project while the government provides regulatory support and long-term commitments. Successful PPP agreements help governments leverage private sector efficiency while ensuring public service quality. However, poor structuring can lead to financial losses or service disruptions.