Public Private Partnership
A Public–private partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government (i.e. local, regional, national, or EU levels) and one or more private-sector companies. PPP involves a contract between a public sector authority and a private/commercial party. The private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. In some types of PPP, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. In other types, capital investment is made by the private sector on the basis of a contract with the government to provide agreed services and the cost of providing the service is borne wholly or in part by the government. Government contributions to a PPP may also be in kind (notably the transfer of existing assets). PPP models are often implemented by governments on infrastructure and strategic projects, in order to expedite the realisation of such projects, which otherwise could take decades to achieve and become operations (e.g. construction of public housing or schools).
Given that the success of PPP projects are inherently dependent upon the success or failure of the private sector’s business strategy and relations with the government authority within the PPP project, Vlahovic Group provides professional services to navigate the labyrinth of government bureaucracy, both in the early project negotiation stage and in operational phase of the PPP project.