What is a PPP?
A Public-Private Partnership (“PPP”) is a contractual agreement formed between a public agency and private sector entity that allows for greater private sector participation in the delivery of capital projects and/or management of existing assets.
The primary reasons for public agencies to enter into Public-Private Partnerships are:
- Access to private capital for new development and to monetize existing assets
- Development and management expertise
- Faster project delivery
- Repay existing debt
