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Public–Private Partnership: The New Phenomenon

In: The 19th International Conference on Industrial Engineering and Engineering Management

Author

Listed:
  • Sonali Chakravarti Banerjee

    (University of Calcutta)

  • Arundhati Bhattacharyya

    (Bhairab Ganguly College)

Abstract

The ever increasing growth in urban population today has imposed tremendous pressure on State resources. In this situation, public–private partnership (PPP) can offer a solution to resource scarcity. It is defined as an arrangement between government and private sector bodies, for the purpose of providing public infrastructure and public services. Government and private sector bodies join hands to supply infrastructure and services to the members of the public. Such partnerships are believed to be characterized by the sharing of investment, risk, responsibility and reward between the partners. The underlying logic for establishing partnerships is that both the public and the private sectors have unique characteristics that provide them with advantages in specific aspects of service or project delivery.

Suggested Citation

  • Sonali Chakravarti Banerjee & Arundhati Bhattacharyya, 2013. "Public–Private Partnership: The New Phenomenon," Springer Books, in: Ershi Qi & Jiang Shen & Runliang Dou (ed.), The 19th International Conference on Industrial Engineering and Engineering Management, edition 127, chapter 0, pages 1453-1461, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-38427-1_154
    DOI: 10.1007/978-3-642-38427-1_154
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