By Darwin Aliya
The concept of PPP is like a branch of government infrastructure. The two main concepts behind this structure. Government creates assets and working for all the works in favor of the countrymen. These ppp projects provide give growth space to all the stakeholders.
Growing sectors-
Some of the areas like water, energy, electricity, and public infrastructure are ever-growing. These sectors always need improvement and development. These are the changemakers in any particular government. The public is playing a key role in capital contribution. These sectors need a support system, which provides by public firms. This does not mean complete privatization. It means the collaboration of the public and private sectors for a specific project.
Drafting the first plan-
Government sets the stage plan for asking for quotations by launching a competitive tender to identify the best offer from a particular tender. The firm will finance, design, operate, and maintain the project. The private partner will recover the initial finance. The government pays the service fee. The government should give this responsibility to particular companies.
This partnership will optimize the use of available resources. It will tap the strength of the private organization. Also, it is advantageous for various economic reasons of the country as well.
