Public-private partnerships (PPP or P3)

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The PPP or P3 project delivery method is a collaboration between a government agency and a private entity to develop, operate and maintain publicly funded projects.

This method is applied to large-scale projects, such as parks, roads, hospitals, airports and schools, which span 20 to 30 years and are financed jointly by the public and private sectors.

This delivery method leverages private sector expertise, funding and technology to make public projects a reality. As a result, it enables access to advanced solutions that the public sector may lack.

For the public sector, PPP strengthens infrastructure and makes countries more competitive netherlands whatsapp number data by diversifying publicly funded projects. It is a win-win situation, as resources and expertise are combined to deliver better outcomes for the community.

Advantages

combines public financing with private sector expertise to improve construction outcomes

Bond protection ensures that everyone working on the project is paid