Topic 8: Which one of the five statements below describing the key aims and benefits of Public-Private partnerships (PPPs) is wrong/incorrect:Question 6AnswerA.Promote infrastructure development at national, state and local levels.B.Governments bear all the risks to enable private partners to concentrate on speedy project development.C.Increase technological and technical cooperation between public and private sectors.D.Reduces public sector budgets by transferring project financing costs to private partners.E.Promotes innovation and creativity across industry sectors
Question
Topic 8: Which one of the five statements below describing the key aims and benefits of Public-Private partnerships (PPPs) is wrong/incorrect:Question 6AnswerA.Promote infrastructure development at national, state and local levels.B.Governments bear all the risks to enable private partners to concentrate on speedy project development.C.Increase technological and technical cooperation between public and private sectors.D.Reduces public sector budgets by transferring project financing costs to private partners.E.Promotes innovation and creativity across industry sectors
Solution
The incorrect statement is B. "Governments bear all the risks to enable private partners to concentrate on speedy project development." In Public-Private partnerships (PPPs), risks are shared between the public and private sectors, not solely borne by the government. The aim is to leverage the private sector's skills and resources in delivering a service or facility for the use of the general public, in addition to sharing the potential risks.
Similar Questions
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