Latest P3 development: Guatemala

Many countries in the region have turned to public-private partnerships (P3) as means to develop domestic infrastructure and mitigate the inherent risks associated with undertaking such projects on their own. Under a P3 model, the government partners with the private sector to undertake the design, construction, operation and/or management of an infrastructure project, often committing to share the costs of investment, as well as the project’s risks and benefits. This allows governments to capitalize on the knowhow of the private sector while sharing the risks associated with capital intensive projects.