Public- Private Partnerships (P3s): An Analysis

Abstract

In modern period, the arrangement of the Government alone being accountable to provide public facilities and goods to the citizens has been appraised and a new rapport has developed between Governments and private parties for the provisions of assets and the delivery of services to the masses. This is primarily because of the failure of the Government in the provision of the expected goods and services to the beneficiaries and also increased awareness amongst the people. With this change in consideration, this paper aims to analyse this Public- private partnerships (P3S), in terms of the efficacy with which it can be implemented as compared with a pure public provision.

Keywords: Public-Private Partnership, Government, Private parties

JEL Classification: H00