Airplanes, traffic lights and toilets: PPPs!

You may struggle to name one, but if you have ever flown in an airplane, stopped at a traffic light or flushed a toilet, you have benefited from a public-private partnership. For decades, PPPs have been a common way for government and private companies to pool their resources and expertise to finance and manage large-scale public projects, such as airports and highways. But today, PPPs are finding new applications in areas such as education, health, and renewable energy. As the private sector emerges as a player in growth-based development, PPPs have become an attractive way to bring actors from different sectors together to serve the common good while also realising a profit.

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