Public-Private Partnership is all about quality and economy over time. It ensures long-term thinking, and avoids solutions which may be cheap to begin with – but are often costly later.
What is Public-Private Partnership?
- It is a type of contract that enables a private sector company to finance, design, carry out, run and maintain a public sector building or plant.
- Contracts typically run for 30 years, after which the building or plant is turned over to the public sector commissioner for an agreed sum and in a quality and condition which has been defined in advance.
- Public-Private Partnership provides economic perspectives to help ensure that buildings and plants are constructed to the right quality level.
