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People-Public-Private Partnership (P4)

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As discussed above, the ‘“public” in a P3 agreement is not typically the general public or local community, but the government. As projects continue to evolve and incorporate social responsibility, some projects are adding a fourth “p” representing the local people and creating P4: a people-public-private partnership structure. This type of project structure would help ensure participation and support from the local communities. P4 structures provide an approach that improves attention to and discussion regarding community concerns and potential benefits (i.e. steady revenue from infrastructure, long-term employment for local communities), and provides good risk management for the government, operators, and financial organizations by ensuring that the local community has a seat at the table.

P4 strategies are not well developed yet but they represent a possible solution for economic development infrastructure projects and for portions of resource projects, especially infrastructure (roads, water treatment, and power). P4 structure could provide benefits for the project owner, the government, and the local community.

Integrating Sustainability Into Major Projects

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