A Public-Private Partnership (PPP) is a collaborative agreement between government entities and private sector companies. This partnership aims to finance, build, and operate projects that serve the public, such as infrastructure, healthcare, and education. By combining resources and expertise, both parties can achieve better efficiency and innovation in delivering services.
In a PPP, the government typically provides regulatory support and oversight, while the private sector contributes capital and operational expertise. This arrangement allows for shared risks and rewards, making it easier to undertake large-scale projects that might be challenging for either party to manage alone.