Public–private partnership

A public–private partnership (PPP or 3P or P3) is a government service or private business venture that is funded and operated through a partnership of government and one or more private sector companies.

PPP involves a contract between a public sector authority and a private party, in which the private party provides a public service or project and assumes substantial financial, technical and operational risk in the project. In some types of PPP, the cost of using the service is borne exclusively by the users of the service and not by the taxpayer. In other types (notably the private finance initiative), capital investment is made by the private sector on the basis of a contract with government to provide agreed services and the cost of providing the service is borne wholly or in part by the government. Government contributions to a PPP may also be in kind (notably the transfer of existing assets). In projects that are aimed at creating public goods like in the infrastructure sector, the government may provide a capital subsidy in the form of a one-time grant, so as to make it more attractive to the private investors. In some other cases, the government may support the project by providing revenue subsidies, including tax breaks or by removing guaranteed annual revenues for a fixed time period.

Latest News for: Public private partnership


This Lubbock business is the latest Expo Center sponsor

Lubbock Avalanche-Journal 02 Jun 2023
Terry County Tractor is the latest Lubbock-area business to announce its partnership with the Lubbock ... The Lubbock County Expo Center is a public-private partnership, relying on funding from a hotel/motel tax increase passed by Lubbock County voters in 2018 and private fundraising....

Colorado House Speaker Julie McCluskie, Sen. Dillon Roberts tout 2023 legislative accomplishments

Summit Daily 02 Jun 2023
It allows and incentivizes public-private partnerships to develop affordable housing on unused, state-owned land ... “This bill will allow local public-private partnerships to have access to that land at a very low or no cost and then build housing on it,” Roberts said....

Towards industrial policy 2.0: Part - IV

The News International 02 Jun 2023
The state should step in such cases through public-private partnerships where the rewards to society at large are enormous.The main ingredients of a forward looking industrial policy for Pakistan ought to be ... Support for scientific research and development in both private and ......

Column: A’s believe Las Vegas move is worth the gamble — but that’s what it is

The Mercury News 02 Jun 2023
The public-private partnership proposed between the A’s and Nevada, in which the team would get hundreds of millions of dollars in taxpayer subsidies toward a new stadium, does not involve much in the way of public input. The bill was introduced on the Friday night of Memorial Day weekend, with public comment reserved for a hearing on Memorial Day....

ME and the UAE bring on the shine in the electric vehicles space

Gulf News 02 Jun 2023
Carsten Bender, Audi Managing Director at Audi Volkswagen Middle East FZE, says, “To accelerate the transition to electric mobility in the Middle East in 2023, arrangements such as government incentives, public-private partnerships, awareness campaigns, research and development, ......

Visionary stages unveiled for Pittsburgh space district

WPXI 02 Jun 2023
Channel 11 first told you about the proposed “Space and Defense Innovation District” last week ... Kasznica said that they’re eyeing a “blend” of private and city-owned land, and are working to secure development rights ... Congresswoman Summer Lee and Pittsburgh Mayor Ed Gainey offered their support for the public-private partnership on Thursday ... ... .......

Priority Income Fund Announces 10.7% Annualized Cash Distribution Rate (on Class R Offering ...

Enid News & Eagle 02 Jun 2023
Headquartered in New York City, Prospect is an SEC-registered investment adviser that, along with its predecessors and affiliates, has a more than 30-year history of investing in and managing high-yielding debt and equity investments using both private partnerships and publicly traded closed-end structures....

Rs900-1,000bn development outlay for budget

The News International 02 Jun 2023
Now that the government has proposed an allocation of Rs200 billion for the Viability Gap Fund (VGF) executed through public-private partnerships (PPP), the total PSDP size would be proposed at Rs1000 billion at the federal level for the next financial year....

The Government’s objective is to guarantee the complete development of Sri Lanka as a thriving ...

Sri Lanka News 02 Jun 2023
We also recognize the significance of collaboration between the public and private sectors in our journey towards economic growth ... We believe that a collaborative partnership between the public and private sectors will drive the engine to accelerate Sri Lanka’s economic growth and revival....

Ghana hosts International Forum on Agricultural Transformation

Joy Online 02 Jun 2023
The symposium forms part of activities to mark the 16th-anniversary celebration and alumni homecoming of WACCI ... Industry players, donor partners, and government officials will share ideas on how self-sustaining public-private partnerships can be created to enhance the adoption of biotech crops on the African continent ... ....

Commentary: America is losing the world

People Daily 02 Jun 2023
The new term, however ambiguous its meaning appears in America's public comments, won't hush up the hostility it hangs on towards an ever-developing ... dollars in public and private funding for developing countries by 2027, few America-driven aid programs have proven trustworthy....

U.S. Small Business Administration Now Accepting Applications for Small Business Lending ...

Enid News & Eagle 02 Jun 2023
WASHINGTON, June 01, 2023 (GLOBE NEWSWIRE) -- Today, Administrator Isabella Casillas Guzman, head of the U.S ... New applicants may apply between June 1, 2023, and July 31, 2023 ... ###. About the U.S. Small Business Administration ... It delivers services through an extensive network of SBA field offices and partnerships with public and private organizations ... ....

F1, county take on repaving costs for Las Vegas Grand Prix

Las Vegas Review-Journal 01 Jun 2023
Clark County and Formula One are set to enter into a public-private partnership as the two sides negotiate infrastructure improvements tied to the Nov ... As such, county staff is recommending the approval of the public-private partnership resolution, noting that Las Vegas Grand ......

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FILE - Zimbabwean President Emmerson Mnangagwa speaks after receiving 18 Russian built Ansan medical, air and rescue helicopters from the Russian government at the Robert International airport in Harare, Thursday, May, 18, 2023.
AP / Tsvangirayi Mukwazhi, File

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Deutsche Welle | 01 Jun 2023