Public-Private-Partnerships (PPP) is a method of working in which the public and private sectors cooperate and partner with each other to create infrastructure and/ or provide services to users. All PPP projects have multiple stakeholders such as the ULBs, citizens, private sector, and state and central governments. These stakeholders want to achieve different objectives from the PPP project. While Urban Local Bodies (ULBs) want to improve access to service, improve efficiency and quality of services, citizens are interested in lower costs and improvement in quality of services. The private sector is keen to achieve the most optimal balance between risks taken and profitability achieved from the project. This toolkit has been prepared from a ULB’s point of view. It is designed to help the ULB to determine whether undertaking a particular project under PPP maximises the benefits to the public as well as ensure long-term sustainability of the project.