A Private Public Partnership (PPP) is a contracting model usually used for large construction and infrastructure projects. The model implies that a private company (SPV) enters into a contract with a public sector authority based on such authority’s description of the project and the private company is responsible for the design, financing, construction, operation and maintenance (DBFO) of the project for a given period of time, usually 20 to 25 years, with a corresponding down-payment period.
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