Consider the following statements in context of

Solution

Public-Private Partnership: PPP is an arrangement between government and private sector for the provision of public assets and/or public services. Public-private partnerships allow large-scale government projects, such as roads, bridges, or hospitals, to be completed with private funding. In this type of partnership, investments are undertaken by the private sector entity, for a specified period of time. These partnerships work well when private sector technology and innovation combine with public sector incentives to complete work on time and within budget.