Advantages of Public Private Partnership A public-private partnership is also known as P3. It is a contract between a private entity and a governmental body that can be used to build, finance and operate projects, such as public transportation parks, networks, and convention centers. The goal of the public-private partnership is to provide public benefit, either a service or an asset. It is long-term and includes large organizations on the private side. A key attribute of such partnerships is that the private organization must take on a notable part of the risk. The contractually specified payment typically depends on performance. Generally, Public-private partnerships have a contract period of 25 to 30 years or can be longer according to the need of a project. United Bridge Partners is a major example of a public-private partnership. United Bridge Partners is one of the most trusted private transportation infrastructure company in the United States which invests pr