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“The rise of smart cities is providing unprecedented opportunities for mutually beneficial public-private partnerships to provide new business opportunities, cost efficiencies, and greater access to specialist skills and expertise,” writes Raconteur. But, “deflecting initial costs from the public purse to private investment is significant with just 16 percent of cities able to self-fund required infrastructure projects, according to research from Deloitte.” However, one of the biggest barriers to collaboration is the different ways in which the private and public sectors work. Read that in detail in here.

 

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