ESTABLISHING THE PPP FRAMEWORK

PPPs can be implemented on a one-off basis without any specific supporting legal and institutional framework. However, most countries with successful PPP programs rely on a sound PPP framework. Countries pioneering PPPs have built their PPP programs and frameworks together, learning by doing, and adjusting their frameworks to their needs. Governments now beginning or expanding their PPP programs can benefit from this global experience.

INTRODUCTION

There is no single, internationally accepted definition of Public-Private Partnership. This Reference Guide takes a broad view of what a PPP is, defining it as:

A long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility and remuneration is linked to performance.

This definition

  • Encompasses PPPs that provide for both new and existing assets and related services;