What is a PPP model ?
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A Public-Private Partnership (PPP) is a partnership between the public sector and the private sector for the purpose of delivering a project or a service traditionally provided by the public sector. The advantage of a PPP is that the management skills and financial acumen of private businesses could create better value for money for taxpayers when proper cooperative arrangements between the public and private sectors are used.
There are various PPP contract models based on funding and which partner is responsible for owning and maintaining assets at different stages of the government project.
*Design-build (DB)
*Operation and maintenance contract (O&M).
*Design-build-finance-operate (DBFO)
*Build-own-operate (BOO)
*Build-own-operate-transfer (BOOT)
*Buy-build-operate (BBO)
*Build-lease-operate-transfer (BLOT)
*Operation license
*Finance only
The full form of PPP model is Public-Private Partnership. It is a long-term arrangement between a government and private sector institutions.