The concession nature of public - private partnership

Abstract

The Public - Private Partnership (PPP) is a formal contract for the execution of works or of delivery of services with risk allocation between the public sector and the private one. It constitutes essentially a modern variation of the concession type of contracting out. However, the main PPP contract is combined with ancillary agreements, such as the ones on supervision and the settlement of disputes, which are inspired by the concession model.