n IMFO : Official Journal of the Institute of Municipal Finance Officers - public-private partnership Agreements : invitation to comment




Extracted from text ... IMFO ? Summer 2005 14 What is a PPP agreement? The main objective of a PPP agreement is to provide high quality services that will result in a net benefit to the municipality defined in terms of cost, quality, or risk transfer, or a combination thereof, that will result in value for money to the taxpayer. The regulations, issued in terms of the MFMA, define a PPP agreement as a commercial transaction between a municipality and a private party, in terms of which the private party: (a) performs an institutional function for or on behalf of a municipality, or acquires ..


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