Explain the main features of public Private Partnerships. What are the major forms of PPP?
The main features and benefits of public-private partnership are:
- Long-term contract between a public and a private partner for the provision of services of public interest, based on new or improved assets;
- The private partner is involved in all stages of the project - design, construction, financing, maintenance and / or operation of the facility;
- Public authorities define objectives, requirements for quality and quantity and control implementation;
- The private partner provides all or the majority of the project's funding;
- Equitable distribution of risks between the partners on the basis of who can better deal with them;
- The mechanism of payment of the public sector is linked to performance indicators;
- Improved management
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