public-private partnership

plural public-private partnerships · abbreviation PPP · abbreviation P3 · alternative public private partnership · alternative public/private partnership

1. businessAn arrangement by which one or more private firms agrees to fund, create, or operate a facility, service, or other element of public infrastructure (such as a school, hospital, or highway) which is usually the sole responsibility of government, in return for all or some of the revenue generated by that facility or service.

   Just outside the nation's capital, a $1.9 billion public-private partnership will finance new high-occupancy toll lanes around Washington.

   2008 August 27, Jenny Anderson, “Cities Debate Privatizing Public Infrastructure”, in New York Times, retrieved 15 Oct 2012

   3 more examples

   Secretary of the Interior Douglas McKay, who will lead the administration's side of the fight, has long argued that power resources should be developed through a public-private partnership, with private enterprise being given projects that it is willing and able to build.

   1955 Aug, Jack Steele, “Hell Breaks Loose Over Hell's Canyon”, in Florence Times, Alabama, USA, retrieved 15 Oct 2012, page 6

   In 1955, Congress passed the Presidential Libraries Act, which created a public-private partnership: an ex-President would raise money to build his library, but Washington would pick up most of the tab for maintaining the documents housed there.

   2001 February 26, Matthew Cooper, “Presidential Libraries: The Price Isn't Right”, in Time

   Chiarelli defended the government’s decision to use a public-private partnership to build, design, finance, maintain and operate the LRTs [light-rail transports].

   2012 September 20, Tess Kalinowski, “Stintz to Metrolinx: Don’t expect a TTC subsidy for new LRT”, in The Star, Toronto, Canada, retrieved 15 Oct 2012