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We must improve service delivery and fundamentally transform how both public and private sector project developers plan and procure assets that meet comprehensive sustainability criteria—spanning social, environmental, institutional, and economic-financial aspects throughout the asset lifecycle.
UNECE , the United Nations Economic Commission for Europe, describes public-private partnerships in the following way: “PPP’s are a method by which the public sector can procure the design, construction, operation and maintenance of public capital assets from the private sector at a cost that represents value for money. Source: World Bank.
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