PPP refers to arrangements, typically medium to long term, between the
public and private sectors whereby some of the services that fall under
the responsibilities of the public sector are provided by the private
sector, with clear agreement on shared objectives for delivery of public
infrastructure and/ or public services. PPPs typically do not include
service contracts or turnkey construction contracts, which are
categorized as public procurement projects, or the privatization of
utilities where there is a limited ongoing role for the public sector.