A PPP can be deployed to great effect as a mechanism for leveraging sub-optimized value. Often, governments are in possession of assets that are under-performing. These sub-optimized assets can even become costly liabilities, costing the public sector millions of dollars. In many cases, however, if these liabilities were to be leveraged by the private sector, they could actually deliver returns for both the public and private sectors. We will discuss in greater detail how to turn liabilities into assets in Chapter Three.