What is not a PPP?
The way a PPP is defined in the regulations makes it clear that:
· A PPP is not a simple outsourcing of functions where substantial financial, technical and operational risk is retained by the institution
· A PPP is not a donation by a private party for a public good
· A PPP is not the 'commercialization' of a public function by the creation of a state-owned enterprise
· A PPP does not constitute borrowing by the state.