One of the reasons for the establishment of a public corporation is to

The establishment of a public corporation is to undertake projects that require huge sums of money. A public corporation is a type of organization that is established by the government to carry out specific functions or provide essential services to the public. These functions or services usually require a significant amount of funding, which may not be readily available to individuals or private organizations. Therefore, the government establishes a public corporation to provide these services and ensure that they are available to the public. The primary purpose of a public corporation is to serve the public interest by providing essential services and undertaking projects that are of significant importance to the society as a whole.