The document discusses a public-private partnership construction project. In the project, the government and private company shared roles and responsibilities. The private entity provided financing while the public entity took on construction risks. The partnership allocated risks and established a long-term concession period to share benefits and responsibilities over the life of the infrastructure project.
research public-private partnership construction projects. Select on.pdf
1. research public-private partnership construction projects. Select one for your analysis and
address the following:
Describe the roles of the private and public entities in your selected project.
Explain how risks, relationships, financing, and concession periods impacted this project.
Solution
Answer:- Public private partnership:- That partnership in which government and private
company are include , called public –private partnership. This type of partnership is also known
as P3.
Roles of public and private in public-private partnership:- Government and private firm both take
active part for construction of project . Both give ideas , money .
At conceptual level primary drivers of public private partnership are new sources of capital, cost
savings ,risk transfer , and accountability remain strong. Government officials at all level like
federal, state , and local continue to operate in an environment of constraint financial resources
citizens expectations for efficient and timely operations.