The advantages of Public Private Partnerships (PPP’s) include the following:
- Speedy, efficient and cost effective delivery of projects
- Value for money for the taxpayer through optimal risk transfer and risk management
- Efficiencies from integrating design and construction of public infrastructure with financing, operation and maintenance/upgrading
- Creation of added value through synergies between public authorities and private sector companies, in particular, through the integration and cross transfer of public and private sector skills, knowledge and expertise
- Alleviation of capacity constraints and bottlenecks in the economy through higher productivity of labour and capital resources in the delivery of projects
- Competition and greater construction capacity (including the participation of overseas firms, especially in joint ventures and partnering arrangements)
- Accountability for the provision and delivery of quality public services through an performance incentive management/regulatory regime
- Innovation and diversity in the provision of public services
- Effective utilisation of state assets to the benefit of all users of public services