privatization

Benefits of Public-Private-Partnerships

Benefits of Public-Private-Partnerships

Public-Private-Partnerships are defined as “a partnership between an agency of the government and the private sector in the delivery of goods or services to the public.” The important distinction between PPPs and outright privatization is that, in privatization, the government sells the entirety of the assets in a given entity whereas, in a PPP, the government can retain ownership of the assets and maintains a continuing active role in the project. This article explains the potential benefits that allow Public-Private-Partnerships (PPPs) to make large capital investment projects successful.