A Discussion On The Delivery Of Infrastructure Through Public-Private Partnerships: The Importance Of Policy Architecture - PUNUKA Annual Lecture, Lagos, Nigeria
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The World Bank's PPP Knowledge Lab defines a Public-Private Partnership ("P3") as "[a] long-term contract between a private party and a government entity, for providing a public asset or...
The World Bank's PPP Knowledge Lab defines a Public-Private
Partnership ("P3") as "[a] long-term contract
between a private party and a government entity, for providing a
public asset or service, in which the private party bears
significant risk and management responsibility, and remuneration is
linked to performance". The core features of P3 procurement
are the transfer of risk to the private sector, and private
financial participation.
This paper was delivered by Frank E. Walwyn at the 2017 PUNUKA
Annual Lecture in Legos, Nigeria, on 27 April 2017.
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