Private sector issues in 3rd Five-Year Development Plan

Economics

P/PP involves a partnership between a public sector authority and a private party. Normally the private party provides a public good or service and assumes substantial financial, technical and operational risks. In some P/PPs, the cost of using the public goods or services is borne exclusively by the users and not by the taxpayer. In other types capital investment is made by the private sector on a contract with government to provide agreed services. The cost of providing the service is borne wholly or in part by the government. P/PPs can be undertaken in various arrangements depending on contexts. P/PP issues include proper implementation of the P/PP legal, policy and regulatory frameworks, understanding the P/PP concept, financial and technical capacity of the private sector as well as public sector understanding of the private sector.