WHAT IS PUBLIC PRIVATE PARTNERSHIP?
WHAT IS PUBLIC PRIVATE PARTNERSHIP?

Summary/Abstract: The term public-private partnership ("PPP") is not defined at EU Community level. In general, the term refers to forms of cooperation between public authorities and the world of business which aim to ensure the funding, construction, renovation, management or maintenance of an infrastructure or the provision of a service. The following elements normally characterise PPPs: the relatively long duration of the relationship, involving cooperation between the public partner and the private partner on different aspects of a planned project; the method of funding the project, in part from the private sector, sometimes by means of complex arrangements between the various players; the important role of the economic operator, who participates at different stages in the project; the distribution of risks between the public partner and the private partner.

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