Why is Public Private Partnership (PPP) required in infrastructural projects? Examine the role of PPP model in the redevelopment of Railway Stations in India.
Points to Remember: Definition of PPP: A Public-Private Partnership (PPP) is a collaborative arrangement between a government agency and a private sector entity to finance, build, and operate infrastructure projects. Advantages of PPPs: Reduced financial burden on the government, access to private sector expertise and efficiency, faster project completion, and risk sharing. Disadvantages of PPPs: … Read more