Joint state-private ownership project PPP model
This is a public service development & operation model where, under the cooperation between public and private sectors, social capital is introduced for joint design and development. During the process, risks are jointly shared and parties involved cooperate with each other every step of the way. At the end of the term, it will be transferred to the government. Under such a model, private corporations and private investment are encouraged to collaborate with the government to take part in public infrastructure construction projects.
Profit-sharing; risk-sharing; cooperation throughout the whole process Economical and time-saving Financially stable Conducive to long-term planning