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2.4. Public-Private Partnership (PPP) in Infrastructure
The partners in a PPP, usually through a legally binding contract or some other mechanism, agree to share responsibilities related to implementation and/or operation and management of an infrastructure project. This collaboration or partnership is built on the expertise of each partner that meets clearly defined public needs through the appropriate allocation of:
♤ Resources
♤ Risks
♤ Responsibilities, and
♤ Rewards