PUBLIC-PRIVATE PARTNERSHIP

 

PUBLIC PRIVATE PARTNERSHIP

A Public-private partnership (PPP) is often defined as a long-term contract between a private party and a government agency for providing a public asset or service, in which the private party bears significant risk and management responsibility (World Bank, 2012).

Collaboration between a government agency and a private-sector enterprise that can be utilized to fund, create, and operate projects such as public transit networks, parks, and convention centers is known as a public-private partnership.

WHY PUBLIC PRIVATE PATNERSHIP:

It entails the public sector and its partners sharing and transferring risks and gains. Such collaborations aim to plan, finance, and deliver public-interest policy objectives by combining multi-sectoral and multi-disciplinary knowledge. PPPs are one of the most successful ways to expand private sector engagement in public service delivery, increase growth, and create jobs, all of which contribute to poverty alleviation. PPPs aid in attracting private capital investment, enhancing efficiency through the private sector's profit motive, and reforming selected sectors through role and risk reallocation.

BENIFITS:

Some of the advantages of PPP include

 Access to private sector finance.

 Increased efficiency in the private sector.

 The use of funds has become more transparent.

 Procurement is a time-consuming activity that involves substantial transaction expenses.

 Contractual uncertainty

 Monitoring and enforcement are both important.

 

SOME OF PUBLIC PRIVATE ORGANISATIONS ARE

1: NATIONAL UNIVERSITY OF MODERN LANGUAGES

The National Institution of Modern Languages is a multi-campus public-private university having a main campus in Islamabad and satellite campuses around Pakistan.

2: QUID-E-AZAM UNIVERSITY

The University attracts a high number of international students due to its international reputation, professors, and programmer, while admitting a limited number of students from all parts of the country.

 

 

3: NESPAK

National Engineering Services Pakistan (NES) is a multinational state-owned enterprise and an energy contractor based in Pakistan that provides global consulting, construction, engineering, and management services. It is one of Africa's and Asia's largest engineering consultant management firms.

4: RED CRECENT

In February 1974, the Pakistani Parliament revised the Act of 1920, transforming the Red Cross into the Red Crescent, and the Sindh Provincial Branch is also governed by the same Act. The Society is a STATUTORY BODY, not an NGO, as the general public believes.

5: PIMS

PIMS was conceived as a leading institution known for its state-of-the-art facilities, best medical education, and comprehensive personalized care offered under the Public Private Partnership (PPP) mode by PIMS Society, PIMS Medical and Education Charitable Society, Department of Medical Education and Research, and GOP.

 6: PAKISTAN RAILWAYS

 Pakistan railways ia also an semi government organiztiona

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