The concept of Public Private Partnerships (PPPs)which is now a buzz word in the realm of Public Sector Management throughout the world, has been incorporated for the first time in the National Budget of Bangladesh formulated for the fiscal year  2009-10  .Regarding the role of public sector this concept  dominates the thinking of national policy makers, economist, academicians and private investors alike. This paper seeks to explain what PPPs are, PPPs features in Bangladesh Budget, why government has incorporated in National Budget, some possible consequences of their use. This paper looks at precisely PPPs in relation to developing countries and to what extent can the PPPs genuinely be called an appropriate attempt in Bangladesh.