A Public Private Partnership (PPP) is an umbrella term for Government schemes involving the private sector in public sector projects.
PPPs are arrangements that involve cooperation between the public and private sectors. Under a PPP arrangement, the design, construction, financing and operation of public infrastructure projects become the responsibility of the private sector. The public sector then leases the assets from the private sector, for up to 30 years or more, after which ownership of the asset typically reverts to the public sector. Incentives are in place to encourage the private sector to deliver infrastructure assets on time and on budget and to operate and maintain them over the full concession period.
Please click here to view a PFI Model Infographic.