Public–private partnerships in India

The public–private partnership (PPP or 3P) is a commercial legal relationship defined by the Government of India in 2011 as "an arrangement between a statutory / government owned entity on one side and a private sector entity on the other, for the provision of public assets and/or public services, through investments being made and/or management being undertaken by the private sector entity, for a specified period of time, where there is well defined allocation of risk between the private sector and the public entity and the private entity receives performance linked payments that conform (or are benchmarked) to specified and pre-determined performance standards, measurable by the public entity or its representative". The Government of India recognizes several types of PPPs, including: User-fee based BOT model, Performance based management/maintenance contracts and Modified design-build contracts (turnkey).

Source: Wikipedia — Public–private partnerships in India (CC BY-SA 4.0)