Public-Private Partnership (PPP) Center of the Philippines or the PPP Center – is

the government agency created under Executive Order (EO) No. 8, series of 2010, as
amended by EO No. 136, series of 2013, and is responsible, among others, for
coordination and monitoring of PPP projects. It also provides advisory services,
technical assistance, trainings, and capacity development to Implementing Agencies in
PPP projects. The term “PPP Center” shall be intended to also refer to the functional
equivalent of the PPP Center, in the event of government reorganization.

What Is a Joint Venture (JV)? 

A joint venture (JV) is a business arrangement in which two or more parties agree to
pool their resources for the purpose of accomplishing a specific task. This task can be a
new project or any other business activity.
In a JV, each of the participants is responsible for profits, losses, and costs associated
with it. However, the venture is its own entity, separate from the participants' other
business interests.

Understanding Joint Ventures (JVs) 

Joint ventures, although they are a partnership in the colloquial sense of the word, can
be formed between any legal structure. Corporations, partnerships, limited liability
companies (LLCs), and other business entities can all be used to form a JV. Despite the
fact that the purpose of JVs is typically for production or for research, they can also be
formed for a continuing purpose. Joint ventures can combine large and smaller
companies to take on one or several big, or little, projects and deals.

everage Resources 
A joint venture can take advantage of the combined resources of both companies to
achieve the goal of the venture. One company might have a well-established
manufacturing process, while the other company might have superior distribution
channels.
Cost Savings 
By using economies of scale, both companies in the JV can leverage their production at
a lower per-unit cost than they would separately. This is particularly appropriate with
technology advances that are costly to implement. Other cost savings as a result of a
JV can include sharing advertising or labor costs.
Combined Expertise 
Two companies or parties forming a joint venture might each have unique backgrounds,
skillsets, and expertise. When combined through a JV, each company can benefit from
the other's expertise and talent within their company.