Public Private Partnerships of Singapore
Public–private partnerships were introduced in 2003, facilitated by the country’s well-established legal system, supportive banking sector and increasing bodies of PPP knowledge. Ten PPP projects have been completed and become operational so far. Singapore is appropriating public–private partnerships chiefly to inject more market discipline, attract foreign investment, source innovations and improve value for money, as opposed to the need for financing. Public services are relatively well provided with public–private partnerships offering further improvement. The first public–private partnership to reach completion was the Tuas Water desalination plant. Projects in consideration dominate the areas of sports facilities, student accommodation, water reclamation, incineration services and IT systems.