Definition
A Public-Private Partnership (PPP) is a cooperative arrangement between one or more public sector agencies and one or more private sector entities to deliver a public service or infrastructure project. It aims to leverage the strengths of both sectors.
Why it matters (in Poovi’s context)
The video argues that the extensive use of PPPs in Tamil Nadu’s tourism sector has led to a lack of accountability and effectiveness, suggesting it’s a reason for the sector’s stagnation.
Key properties or components
- Shared Risk and Reward
- Private Sector Efficiency
- Public Sector Oversight
- Contractual Agreements
Contradictions or debates
None.