Public-Private Partnerships as a Legal and Financial Tool for Sustainable Development and Social Equity

ABSTRACT Public-Private Partnership has played a vital role to achieve sustainable development goals. In the context of law, Public-Private Partnership enables organized cooperation that confirms to legal frameworks, guaranteeing openness, responsibility and fair resource distribution. Public Private Partnership is important for attracting private funding to expand and improve infrastructure services that prioritize people and the environment which is necessary to achieve sustainable development. Public-Private Partnership can be a central medium through which most of the infrastructure and services involved in sustainable development are provided, managed including specific urban safety, adaptability and sustainability projects. The role of public sector is to provide financial resources and enhance the quality of infrastructure assets and services. Attaining sustainable development requires attracting private financing to expand infrastructure and improve access to infrastructure services that prioritize people and the planet. Social justice and human rights played a vital role under sustainable development. When social justice and human rights are upheld, sustainable development is made possible. In order to support sustainable development initiatives, this paper investigates how Public-Private Partnership models are governed by legal provisions, policies and regulatory mechanisms. Keywords: Public-Private Partnership, Sustainable Development, Social Equity, Infrastructure, Environment, Adaptability.