PUBLIC-PRIVATE PARTNERSHIPS: UNLOCKING INFRASTRUCTURE THROUGH COLLABORATION
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Key words: Public-Private Partnerships (PPPs), infrastructure development, private sector investment, economic growth, risk management, BOT (Build-Operate-Transfer), public sector collaboration, financial institutions, infrastructure financing, PPP challenges.##article.abstract##
Abstract. This article explores the role and effectiveness of Public-Private Partnerships (PPPs) in emerging economies. It discusses the theoretical underpinnings of PPPs, highlights their importance in addressing infrastructure gaps, presents case studies from various regions, and examines the challenges and benefits of such collaborations. The analysis reveals that while PPPs present opportunities for sustainable development, they are also fraught with risks, particularly political and financial. By providing a systematic overview, the article offers recommendations for improving the efficiency and effectiveness of PPPs in emerging economies.
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