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Public-Private Partnerships broadly identify a spectrum of complex legal arrangements between the public and the private sector to provide goods or services within a country. The objective of the PPP is share control, risks, and rewards of a set of fixed assets between a private enterprise and a “public unit”, which is normally a national government. A common thread that runs throughout all PPPs is some degree of private participation intertwined with the provision of goods and services traditionally handled by the public domain. Recent empirical literature suggests “public-private partnerships are a constructive means of enhancing the production of goods, services and technologies that would not otherwise be produced by either sector acting alone.” In the context of sustainable development, PPPs are viewed as an innovative vehicle for achieving sustainable development objectives such as those outlined in the Millennium Development Goals (MDGs).
