a contractual arrangement adapted to each local situation by which the public sector authority assigns certain missions to a private operator and specifies objectives. The public sector partner retains regulatory control and owner-ship of the infrastructure, as opposed to privatizations which are based on the transfer of ownership of the infrastructure assets. Local government authorities are increasingly relying upon PPP arrangements for managing water services.
A collaboration between a government agency (public sector) and a private sector corporation or group of companies for community improvement. Examples include partnerships to finance or develop major infrastructure projects such as healthcare facilities or highway systems.
Joint ventures between community members and government or business or between corporations and government.
Type of industrial technology linkage involving at least one public or nonprofit organization such as a university, research institute, or government laboratory; such a partnership may engage in technology codevelopment or cooperative R&D, technology transfer, technology assistance, joint or grant funding, or public procurement and may take the form of a cooperative agreement, grant or procurement programs, professional or student internship or exchange, technology-based business incubator, or research and science parks.
Joint working/funding arrangement involving public and private bodies.
a venture entered into jointly by a government and non-government entity, generally as a means for organizing the financing and/or management structure for available for public use or the public good. definition of public-private joint venture defined definition of public-private partnership defined
Public-private partnership (PPP) is a system in which a government service or private business venture is funded and operated through a partnership of government and one or more private sector companies. These schemes are sometimes referred to as PPP or P3.