What is the full form of PPP?

PPP stands for "Public-Private Partnership".

All about PPP:

It is also abbreviated to 3Ps or P3 sometimes. It reflects a working relationship in which three parties are bonded together in order to work hand in hand. The so-called arrangement is carried forwarded between two or many public and private sectors that are expected to work in the long-term sense.

On magnifying, the one part is actually government-owned while on the other hand, the other party is privately owned. In both the respective parties, more than one association is involved, and all of them combine to show up to a similar project that is given in order to provide service to the general public.

This type of work relationship has been actively picked by many countries now. The most accurate example of this is, United Nations that work together with the members of the board those belong to other countries to ultimately help the general public to resolve a general issue.

The project generally revolves around the fields like infrastructure projects.

The concerning issue has been that there is no detail that would satisfy the funding process. Sometimes it is taken advantage of since there is no authentic record of what happens to the funds. Due to reasons like these, this concept is still in the grey area whether it has been a successful one or no, and because of this fact still, there are many countries and associations that shy away from this practice.