Within this Municipal PPP Framework, PPP encompasses a variety of approaches to private entities partnering with local governments to deliver infrastructure services, with the private sector making a long-term commitment and taking significant project risks. A municipal PPP is simply a PPP where the government entity is a municipal body and where the public asset or service is a municipal asset or service. It is important to note, however, that PPPs are only one of several tools available to municipalities to deliver infrastructure services in a more efficient and fiscally effective manner and the structure of a PPP used for a specific project is flexible. Each approach has different characteristics and priorities. Figure 1 shows the relationship between a few of the more common structures.