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Public Private Partnership In India Essay

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Below is an essay on "Public Private Partnership In India" from Anti Essays, your source for research papers, essays, and term paper examples.

PUBLIC PRIVATE PARTNERSHIP MODEL IN INFRASTRUCTURE

                          MD AKRAM SABA (09HS2027)
                         

DEFINITION
Public Private Partnership (PPP) describes a government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies.
    A Public Private partnership is a contractual agreement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the risks and rewards potential in the delivery of the service and/or facility.”                           -National Council for Public-Private Partnerships
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SELECTION OF PPP PARTNERS
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PPP partners through a fair and competitive bidding process. Typically, the agency sponsoring the project will invite the private sector to submit proposals, detailing plans for meeting service delivery needs.   Proposals are then evaluated to ensure they deliver value for money for taxpayers and protect the public interest.
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      In recent years,the government has built on the foundation to engage the private sector in more formal, more complex, and longer-term public private partnerships.To guide this evolution, the Province has developed policy and guidelines to ensure that:
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All PPPs protect and enhance the public interest by addressing such factors as public health, safety, environmental protection, accessibility, equity, privacy, security and reliability.
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The Fair and Open Process taxpayers to see for themselves...

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