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ARTICLE · 10 OCTOBER 2023

Public-Private Partnership For Airport Infrastructure

Across the globe, nations have been engaging in the development of infrastructure and utilities. Public-Private Partnerships (‘PPP') have emerged as a means to build capacity for such development...

IndiaGovernment, Public Sector

Introduction

Across the globe, nations have been engaging in the development of infrastructure and utilities. Public-Private Partnerships ('PPP') have emerged as a means to build capacity for such development, especially in non-developed nations. PPP involves the pooling of government and private company resources to achieve development goals, which have transformed into Sustainable Development Goals over the years.

The World Bank has explained PPPs as "Public-private partnerships (PPPs) are a mechanism for the government to procure and implement public infrastructure and/or services using the resources and expertise of the private sector."1

PPP as explained by the Department of Economic Affairs, Ministry of Finance (India):

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