The three P’s is nothing, and its full form is known to many. PPP stands for Public-Private partnership. The ppp projects have been very common among the infrastructure development companies as all understand that the public sector mainly undertakes the development projects.
Cost of management
But according to recent studies, it is stated that the cost of managing the development projects is too expensive for the public sector. In simple words, a public sector cannot handle huge expenses for all development projects, and hence the public-private partnership has been created to raise funds required in development.
PPP projects: a good opportunity
The public-private partnership is a great deal of opportunity. It helps to balance the expense and returns easily. Thus, an infrastructure company can easily continue in the long-run. In this partnership, infrastructure development can be easily divided by creating a proper structure. For example, the contract of construction workers and other staff would be handled by the public sector, and the private sector would undertake the remaining. Thus, there is equal responsibility on both the sectors.
Many websites online will help to know about the public-private partnership projects and provide some planned structures that an infrastructure development company can follow.