Public Private Partnership means an arrangement between a government/ statutory entity / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or management being undertaken by the private sector entity. PPP thus involves financial/ technological/managerial participation from the private sector. The arrangement will be for a specified period of time, where there is well defined allocation of risk between the private sector and the public entity. In the project, the private entity receives payments that are benchmarked to specified performance standards set by the public entity or its representative.
