Entry 4 By Trisha Ajwani

 Are Public-private Partnerships beneficial in a world as corrupt as now?

Public Private Partnerships

The approach on which public-private partnerships are based can potentially mitigate the overruns and schedule delays that plague traditional infrastructure project delivery by categorically delineating governance, allocating shared risk, integrating resources, applying best practices, and establishing a life cycle-long perspective of costs and accountability. Private-sector technology and innovation, for example, can help improve the operational efficiency of providing public services. The public sector, for its part, provides incentives for the private sector to deliver projects on time and within budget. The overall scalability of the projects can be greatly enhanced considering the complementary nature of the partnership. It is important to understand the loop holes lie only in terms of cooperation and competitive profit bias. In a properly legislated partnership wherein both are mutually benefitted, the project becomes profitable for the partners and the stakeholders.

                   -by Trisha Ajwani

                        1st year MBBS