Explain any three features of Public Private Partnership.
Features:
a. The public partners in PPP are Government entities, i.e. Ministries, government departments, municipalities or state owned enterprises. The private partners can be local or foreign (international) and include businesses or investors with technical or financial expertise relevant to the project.
b. The government’s contribution to PPP is in the form of capital for investment and transfer of assets that support the partnership in addition to social responsibility, environmental awareness and local knowledge.
c. The private sector’s role in the partnership is to make use of its expertise in operations, managing tasks and innovation to run the business efficiently.