Robust and reliable infrastructure is a key driver of economic growth and improved standards of living. While several economies rely on the government in the provision of public infrastructure to address chronic infrastructure gaps, many have also turned to public private partnerships (PPPs) to design, finance, build and operate infrastructure projects to address the government’s budgetary constraints. PPPs refer to any contractual arrangement between a public entity or authority and a private entity in the provision of a public asset or service, wherein the private entity bears significant risks and has management responsibility (World Bank, 2018).
