Introduction
Public-Private Partnerships, also known as PPP, are contracts amid government agencies and private organizations that involve the government agency paying, reimbursing, or transferring a public asset to the private sector in return for goods or services over a set period. Public-Private Partnership in the delivery of public services is considered a balanced approach as it tries to mingle the best of both worlds: the private sector with its resources, management skills, and technology and the public sector with its regulatory actions and protection of the public interest (UN, 2007). Their key characteristics include long-term service provisions, transfer of risk to the private sector, and various forms of long-lasting contracts between legal entities and public authorities (Nwangwu, 2013). In recent days, PPP have gained wide interest around the globe.
Defining Public-Private Partnerships
Partnership is a contractual arrangement between two sectors where the public sector...
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Ara, F., Khan, M.R. (2016). Public-Private Partnership and Governance. In: Farazmand, A. (eds) Global Encyclopedia of Public Administration, Public Policy, and Governance. Springer, Cham. https://doi.org/10.1007/978-3-319-31816-5_2012-1
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