The world is presently witnessing the rise of PPP or public-private partnership consulting firms. The financial crisis that occurred from 2008 onwards caused refreshed interest in PPPs in both developing as well as developed nations. Faced with constraints on the fiscal space as well as public resources, while identifying the importance of investing in infrastructure to help grow their economies, governments are progressively turning back to the private sector as their alternative extra funding source for closing the funding gap. Even though recent attention has been concentrated on fiscal risk, governments have been verified to look to the private sector for other varying reasons that include;

• Exploring PPPs as a means of having private-sector innovations and technologies introduced into the provision of much better public services, via truly enhanced operational efficiency.

• Getting the private sector truly incentivized so that it delivers all projects within set budgets and quite on time.

• Forcing budgetary certainty by ensuring that the costs of both present, as well as future infrastructural projects, are set over a given period of time.

• Using PPPs as a means of developing the capabilities of the private sector via going into joint ventures with large global firms, and subcontracting opportunities for local companies in areas like electrical works, security services, maintenance services, civil works, facilities management, as well as cleaning services. In fact, this is among the foremost reasons why most governments hire public-private partnership consulting firms in CA.

• Utilizing PPPs as a means of getting governments and enterprises that are owned by the state gradually exposed to, rising levels of participation from the private sector (particularly foreign), and also having PPPs structured in a manner that will help in ensuring the transfer of skills, which then brings about the creation of national champions that will be capable of running their own operations in a professional manner and even export the competencies they have gained by bidding for joint ventures/projects.

• Bringing about stabilization within the economy by helping in making sure that the affected country becomes a lot more competitive when it comes to the facilitation of its infrastructural base. Also, it helps in providing a real boost to its businesses and industry that are related to infrastructural development (industries and sectors like equipment, construction, and support services).

• The supplementation of public sector capacities which are quite limited, so that they could become quite capable of meeting the rising demand for the development of necessary infrastructure.

• The extraction of long-term value for spent money via the most appropriate transfer of risk to the concerned nation’s private sector through the entire life of the affected project – right from construction or design, to maintenance or operations.

These are the major potential benefits that governments get to enjoy from their partnerships with public-private partnership consulting firms around the whole world. If you have any questions or require additional information about PPPs and how they operate, you can always get in touch with the experts. Such professionals are always ready to make sure that you know what these amazing partnerships are all about and what they offer to ordinary citizens.