Public-private partnerships in infrastructure: examining operational models and implementation challenges
DOI:
https://doi.org/10.64171/JSRD.4.S1.151-154Keywords:
Public-Private Partnership, Infrastructure, Sustainability, PPP modelsAbstract
Public-Private Partnerships have emerged as an innovative mechanism to bridge the gap between pubic demand for infrastructure and limited government resources. PPPs provide an alternative model for the development and management of infrastructure projects. Various sectors, including transport, energy, healthcare, power, and education, widely use different modes of PPP, such as BOT (Build Operate Transfer), BOOT (Build Own Operate Transfer), and OMT (Operate Maintain Transfer). However, implementation of PPPs is not without challenges. Financial and economic constraints, legal and regulatory complexities, socio-political barriers and technology limitations often hinder project success. Understanding both the operational models and key challenges is critical for improving PPP frameworks and ensuring sustainable infrastructure development. This paper explores the different PPP models applied in infrastructure projects and critically examines the challenges that affect their effectiveness, with a view to suggesting strategies for enhancing project outcomes.
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