PUBLIC-PRIVATE PARTNERSHIP (PPP)

A Public-Private Partnership is a long-term, written contract between a public entity and a private company, under which the private company undertakes to provide a comprehensive service that may combine financing, design, construction, operation and maintenance of a public infrastructure. The private company is remunerated either by fees paid directly by users, or by payments from the public entity, conditional on achieving certain levels of service performance, or by a combination of both.