Impact of public private partnerships in infrastructure development

The need for development, maintenance and renewal of infrastructure in the nations has been persistent. The future investment needs of countries for infrastructure development generally far exceed the funds available particularly in the developing countries. In order to deliver public services and to meet the funding gap, the private sector can be involved through constructing, financing, owning and operating the infrastructure. Public Private Partnerships (PPPs) may not require any immediate cash spending and therefore, have become important to the countries as an off-budget mechanism.

The paper examines the various aspects of Public Private Partnerships and the role and impact of PPPs in supporting infrastructure development of the nation in order to achieve economic and social goals.