A public private partnership (PPP) project generally involves the design, construction, financing, maintenance, and in some cases, operation of public infrastructure or a public facility by the private sector under a long term contract. A PPP project may be a "financially free standing" project where the PPP contractor receives its revenue from the use by the public of the asset provided.     For a government to consider a PPP as an alternative means of procuring public infrastructure or facilities, the PPP route must demonstrate to offer better value for the money than traditional
			public sector procurement. In addition to comparing the cost of design, construction, and maintenance by the private sector to the cost of procurement by traditional public sector methods, additional factors such as risk transfer, innovation, and increased efficiencies in design, construction/operation and a whole life approach to the provision of the facility are considered.     Belacorp was instrumental in conceiving and proposing the formation of a PPP to the Commonwealth of Virginia for the business modernization of the Executive agencies. In partnership with other partners, such as AMS, Unisys, MCI, Silos Smashers, and
			GovConnect, Belacorp will save the Commonwealth over $1 billion over the next ten years. Visit the Virginia Business Modernization Initiative web site for more information about this partnership.     In addition, Belacorp presents information that educates the public to the benefits of public private partnerships. (Download a list of questions & answers related to PPP's)     Listen to the Tomorrow's Business broadcast on WBIS Business Radio, in which Mr. Albert Lulushi discussed the history and benefits of PPPs.