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Updated: 07/31/2018
For governments seeking to complete major projects, the public-private partnership (PPP) offers an option that lies somewhere between public procurement and privatization. A PPP brings private sector efficiencies and capital to public assets or services when governments lack the upfront cash. Companies agree to take on risk and management responsibility in exchange for profits linked to performance. Efficiencies are gained through higher flexibility in cost management, flexible negotiations with subcontractors and innovation capacity.
https://ppp.worldbank.org/public-private-partnership/overview/ppp-objectives
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