A Comprehensive Overview of Public-Private Partnerships: Opportunities, Challenges, and Impacts with a Special Focus on Mizoram

Abstract

The turn of the new millennium brought unprecedented changes in the functioning of public administration. The quest for economy, efficiency and effectiveness has led to reinventing government wherein the state has gradually withdrawn from direct involvement in the economic and social development of the people. Many of the services hitherto provided by the state have now been contracted out or outsourced to private sectors. Public Private Partnerships (PPP) have been established as a new management tool for providing service to the people. PPPs are long-term arrangements between the government and private sectors to provide infrastructure and community-related services to the public. The viability of PPPs is seen in the number of ventures it has undertaken in developed and developing countries. The Government of Mizoram though appreciating the many paybacks that PPPs can provide through the provision of public services has yet to harness the feasibility of PPP in its many projects. The paper aims to inquire into the PPP projects that Mizoram has undertaken and assess its benefits and challenges. The paper is descriptive and is based on secondary sources.