Public-Private Partnerships (PPP) have increasingly become a common structure for the delivery of public infrastructure. PPP offer the opportunity for governments and nongovernmental bodies to achieve more efficient projects by sharing risks and responsibilities differently as compared to traditional procurement. These types of structures also can offer better protection against schedule and cost overruns and give the private sector the chance to bring innovation to the design, construction, operation and maintenance of public infrastructure.
PPP arrangements tend to be long-term and therefore the parties involved need an accurate understanding, agreement and documentation of rights and obligations over the course of the project. All parties to a PPP agreement need experienced legal advisors to achieve workable agreements that serve all parties.