Which statement is the most accurate regarding PPPs?
A) The responsibility for outcomes is carried by public agencies
B) Typically, PPP projects are not considered good for the public
C) When public transportation agencies follow the practice of outsourcing to private firms, it is not considered a PPP
D) A PPP is a contractual arrangement between public- and private-sector entities

Question

Quizplus · Accepted Answer

PPP stands for Public Private Partnership, which is a contractual agreement between public and private entities. This means that both parties share responsibilities and risks in the project. Option A is incorrect as PPPs involve shared responsibility for outcomes. Option B is also incorrect as PPPs can be considered beneficial to the public if structured appropriately. Option C is incorrect as outsourcing to private firms can be a part of a PPP arrangement.

Which Statement Is the Most Accurate Regarding PPPs