1.2  The Government

As previously mentioned, PPPs are a partnership between the public (government) and the private sector (see Figure 1 - 3), and thus a strong commitment on the part of the government is key to the success of a PPP.  If the government has contributed equity, in exchange for shares in the SPV, they have equal rights and equivalent interests to the assets within the SPV as other shareholders.

Figure 1 - 3