European PPP Expertise Centre (EPEC)
Imagine you want to buy a toy that costs $10, but your piggy bank only has $5. You cannot buy the toy with the money you have. So what can you do? You can ask your parents for the remaining $5, right?
Similarly, sometimes, when the government wants to build something like a road or a building or a hospital, they need more money than they have. So, they can ask people or companies to give them money to finish the project. In exchange, the government promises to pay them back some of the money over time, like borrowing money from the bank.
Now, the government needs to find the best way to borrow that money. One way is through public-private partnerships (PPPs). PPPs are when the government works with a private company to build a project that the government cannot afford on its own.
The European PPP Expertise Centre (EPEC) helps governments and businesses work together and create partnerships that are fair and efficient. EPEC gives advice on how to choose the best private partner, how to make sure the project is good for everyone, and how to make sure they pay back the money they borrowed.
It is like having a teacher who knows a lot about PPPs and helps you understand how to do it right. EPEC wants everyone to have a fair and good experience with PPPs!
Similarly, sometimes, when the government wants to build something like a road or a building or a hospital, they need more money than they have. So, they can ask people or companies to give them money to finish the project. In exchange, the government promises to pay them back some of the money over time, like borrowing money from the bank.
Now, the government needs to find the best way to borrow that money. One way is through public-private partnerships (PPPs). PPPs are when the government works with a private company to build a project that the government cannot afford on its own.
The European PPP Expertise Centre (EPEC) helps governments and businesses work together and create partnerships that are fair and efficient. EPEC gives advice on how to choose the best private partner, how to make sure the project is good for everyone, and how to make sure they pay back the money they borrowed.
It is like having a teacher who knows a lot about PPPs and helps you understand how to do it right. EPEC wants everyone to have a fair and good experience with PPPs!