2. Definition of Public-Private Partnership (PPP) A Public-Private Partnership is a contractual agreement between a public agency (federal, state or local) and a private sector entity. Through this agreement, the skills and assets of each sector (public and private) are shared in delivering a service or facility for the use of the general public. In addition to the sharing of resources, each party shares in the potential risks and rewards in the delivery of the service and/or facility. Source: www. ncppp.org

3. Union Station

4. Dulles Greenway

5. The New James F. Oyster School

6. 495 Express Lanes Photo courtesy of : http://www.washingtonpost.com/blogs/dr- gridlock/wp/2014/07/18/a-little-caution-on-i-66-hot-lanes/

7. New York Avenue Metro

8. Misconceptions About PPPs PPPs are privatization. The public sector has no control over PPPs. PPPs are a panacea for infrastructure needs. The PPP model is only used for very large projects. Government-financed projects are always less expensive.

9. Not a Misconception PPPs are complex contractual instruments.