The Who, What And Why Of Public-Private Partnerships
May 13, 2013, 11:57 AM EDT
Law360, New York (May 13, 2013, 11:57 AM EDT) -- The term “public-private partnership” (PPP) describes a cooperative arrangement between a host government and a private entity to provide affordable infrastructure to meet public needs. Governments turn to the private sector to design, build, finance and/or operate new infrastructure, or to refurbish existing infrastructure, in order to improve the delivery of services and the management of facilities.
There is no single, internationally accepted definition of PPPs. The World Bank Public-Private Partnerships Reference Guide takes a broad view of a PPP, as: