Public-Private Partnerships

A cooperative arrangement between two or more public and private sectors, typically of a long-term nature, where the private party provides a public asset or service and assumes substantial financial, technical, and operational risk.

Why it matters

Addresses the infrastructure funding gap by leveraging private capital for public projects.
Enhances operational efficiency and innovation through private sector expertise and management practices.
Promotes risk-sharing mechanisms where risks are allocated to the party best equipped to manage them.
Facilitates timely project delivery through performance-based incentives.

How it is asked

Focus on the various models of PPP such as BOT, HAM, and EPC, the challenges of contract enforcement, the role of the Viability Gap Funding, and the importance of robust regulatory frameworks to prevent fiscal risks.

In the syllabus

In the news

Kerala government probe into Messi match plan 13 August

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