PPPs main objective is to combine the skills, expertise and experience of both the public and
private sector in the light of this statement. Specify its main advantages.
Some important advantages of Public-Private Partnership are
(i) The PPP approach enables the government to overcome its budgetary and borrowing constraints.
(ii) The PPP approach leads to faster implementation and reduced life cycle of infrastructure projects.
(iii) It helps in higher quality services through more efficient development of projects due to the
combined expertise of public and private sectors.
(iv) The joint effort of private and public sectors results in effective development of infrastructure.
(v) This approach also helps in dividing the risk between government and private sector.