Defining public private partnerships:A public private partnership (PPP) is a type of long term collaboration between a public authority and the private sector (and increasingly in the UK, the third sector). It creates a new approach to managing risk in the delivery of assets and services by combining the complementary skills and expertise of each partner in the interests of improving services to the public and delivering value for money for the taxpayer. |
PPPs offer value for money, service improvements and a better chance of delivering projects on time and on budget. They are not new, but recent years have seen dramatic increases in the number of governments moving forward with PPPs, and the forms of PPP in use across the globe.