Definitions for "Public-private partnership"
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.