Despite their advantages, PPPs also face several challenges:
1. Complexity: The contracts and agreements can be complex, requiring significant legal and financial expertise. 2. Risk Management: Proper risk allocation is crucial and can be difficult to achieve. 3. Public Perception: There can be public resistance to private sector involvement in public services. 4. Long-term Commitment: PPPs often require long-term commitments, which can be challenging in a changing political and economic environment.