The Legal Nature of Public-Private Partnership Contracts (A Comparative Study).

Partnership projects between the public and private sectors (public private partnership), abbreviated as P.P.P., have emerged as a means for the state to finance and implement projects, particularly the establishment and development of economic infrastructure such as wireless communications, energy, water, and roads, as well as social infrastructure projects like health, education, and other public projects. They also avoid the problems associated with some other contractual systems, such as public utility concession contracts and the Build-Operate-Transfer (BOT) system. The partnership between the public and private sectors, in an economic sense, is considered a long-term contractual cooperation relationship through which specific arrangements are made allowing the public sector to provide public services through the private sector, within a framework of complementary relations between the public and private sectors, which does not involve the privatization of public assets. This is based on attracting the private sector to develop and finance projects that provide public services, in exchange for receiving financial compensation that covers its financial investments and associated costs.