Public Private Partnership (PPP) is a form of cooperation between the public and private sector whereby a stand-alone business is created, funded and managed by the private sector as a package that encompasses construction management, maintenance and repair works as well as replacement of public amenities comprising buildings, infrastructures, equipment and facilities.
The methods used for the implementation of PPP projects include
- Build - Operate - Transfer (BOT)
- Build - Lease - Transfer (BLT)
- Build - Operate - Own (BOO)
- Build - Lease - Maintain - Transfer (BLMT)
- Land Swap
- Contract Management