Public-Private Partnership (PPP)

Public- Private Partnership (PPP) or 3P has been a globally popular strategy for governments to deliver public structure over the years with the help of the private sector. The contribution of the private sector in Public Private Partnership has led to the smooth and efficient working of PPP projects. The development of PPP has become increasingly important in the development and delivery of public projects. This paper is going to study the necessity of public and private interference towards the economic development of the country. It incorporates that the interference of public and private sectors supports in alleviating the crucial problem of weaker sections of society. It further enlightens that there is linkage between the PPP and financial

The service is provided on payment of user charges. There is allocation of risks between the two sectors so that the risk can be mitigated and cost can be minimized. It also ensures optimum utilization of the resources so that the performance can be enhanced(Batley 1996; Ghere 2001; Teisman and Klijn 2000; Prosper Ngowi 2006; Bloomfield 2006).PPP arrangements are useful for large projects that require a significant cash outlay to get started. PPPs are the methods through which the public sector can obtain the design, construction, operation and maintenance of public capital assets from the private sector at a reasonable

The objectives of PPP vary widely with politics and interests. PPP ensures recovery of user charges through risk allocation and procure additional revenue from streams like Project Revenue,Service Revenue etc.Thus, the PPP is seen as the best way, to govern the complex relations and interactions in the modern network society (Teisman and Klijn 2002).
Public-Private Partnerships are distinctively positioned to drive innovation and deliver financial encouragement and development.They can provide the necessary resources required for the sustainable development of society and overcome the society from the bulging societal challenges. This work is not done by the public or private in isolation .At the core of a successful partnership between the Public and Private Sectors is a mutual-beneficial relationship.Government gets benefit through allocation of risk between the two sectors and reduction of costs which leads to social benefits. Private sector entities benefit from the ability to create new revenue streams with new consumers. For under-privileged citizens, such partnerships deliver a better, more transparent system that ensures they receive the monetary benefits that they deserved, on time and in full. This can drive the creation of real wealth and lay the foundation for a more efficient and fair financial services ecosystem for the benefit