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What are some reasons an entity would favor participating in a public private partnership? Also, regarding utility restructuring, explain the objective and need of corporatization

What are some reasons an entity would favor participating in a public private partnership? Also, regarding utility restructuring, explain the objective and need of corporatization using the following article. https://ppp.worldbank.org/public-private-partnership/agreements/utility-restructuring-corporatization-decentralization

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