12. What is a "public-private partnership" (PPP)?
A. A company owned by a government official
B. A project funded only by the state
C. A cooperative venture between the government and private sector
D. A charity project
Answer (1)
The answer is letter C. A cooperative venture between the government and private sectorA PPP is when the government teams up with a private company to build or manage a public service or infrastructure project. Instead of the government doing everything, a private business helps fund, construct, or operate the project—like toll roads or airports.For example, the NAIA Expressway was built under a PPP agreement. It allowed faster construction with shared responsibility and risks. However, PPPs must be monitored well, or they might favor profits over public service.
