PPP are arrangements between the public and private sector, aimed at project development or delivery of services that are traditionally provided by the public sector. PPPs bring the best of the private partner and the public entity into any project, as it involves optimum allocation of project risks and responsibilities among parties that are best placed to manage them. In a well-structured PPP, each party is able to perform its task more efficiently than its counterpart; creating a win-win situation to both the public entity and the private partner.