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

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Sarah Al Amiri interview: space will have direct impact on UAE economy in next five years

The National 21 Apr 2021
Steps are already being taken to increase public-private partnerships ... A public-private partnership model is being undertaken by space agencies worldwide, as more private space companies emerge to offer their services to governments....
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Xi shares vision for BRI cooperation

China Daily 21 Apr 2021
Xi says BRI a public road open to all, not private path ... In the keynote speech delivered via video link at the opening ceremony of the Boao Forum for Asia Annual Conference 2021, Xi reiterated China's commitment to make the BRI "a public road open to all" instead of a "private path owned by one single party"....
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Kojo Adaah: Policy measures for sustainable job creation in Ghana

Joy Online 21 Apr 2021
Public and Private sector collaboration ... “Establishing public-private partnerships by offering private sector partners incentives to train their staff, involving employers in the design of training curricula, introducing certifications for occupational standards, and encouraging private companies to hire young people....
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Lakewood’s new public art advisory board paints a colorful and vibrant future

Cleveland 21 Apr 2021
... the benefits of public art on public and private properties ... “Because the city doesn’t own a lot of buildings, we really rely on that public-private partnership,” Hennie said ... “The city provides a grant to artists who design and implement a public art project on private property....
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Hospital for mild, moderate Covid-19 to rise in Luneta

Sun Star 21 Apr 2021
“The DOT is gratified and honored to be able to use its parks and public spaces in support of the national government pandemic response,” she said. “With strategic partnership between the private and public sectors, we are able to ramp up capacity from testing to treatment to vaccination in the race against the virus,” she added....
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Reforms process started in MoIB in 2018 being resumed: Fawad

Urdu Point 21 Apr 2021
In a series of tweets, the minister said that ptv News has been given a deadline of June 1 to complete the HD project which was pending from 2019 ... He said that PTV studios in Karachi and Lahore will be renovated on Public Private Partnership mode ... External Publicity Wing will completely revamped, he said ... 50 million to the young drama and filmmakers....
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Plans to carryout Sun City Resort revamp in South Africa

Construction Review Online 21 Apr 2021
Tebogo Job Mokgoro recently met with the management of the Sun City ......
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Bulgaria's Solarpro Holding wins 50 MWp power plant project in N. Macedonia

Renewables Now 21 Apr 2021
Solarpro will build and operate the solar power plant as part of a public-private partnership (PPP), the company said in a statement ... Solarpro's final bid envisages transferring 18% of the future revenue to the public partner - 80% higher than the starting level of 10% which ......
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MPA rolls out $90m decarbonisation fund

Splash24/7 21 Apr 2021
The Maritime and Port Authority of Singapore (MPA) has partnered up with several major industry players to boost decarbonisation efforts in the maritime industry ... The deal will see each partner contribute S$10m ($7.5m) in addition to MPA’s $45m ... It is crucial to have strong public-private sector partnerships....
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Boulder County restaurants join Restore Colorado to fund regenerative farming projects

Colorado Daily 21 Apr 2021
The program is a public-private partnership among James Beard Humanitarian of the Year winner Zero Foodprint, regenerative agriculture nonprofit group Mad Agriculture, Boulder County, the city of Boulder, and Denver’s Office of Climate Action, Sustainability, and Resiliency ... Boulder County participants include.. GB Culinary (Longmont) ... ....
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Sustainable BusinessU.S. Treasury official, bank CEOs discuss boosting 'economic inclusion'

Reuters 21 Apr 2021
A top Treasury Department official met on Tuesday with 20 top bankers to discuss President Joe Biden's $2.3 trillion infrastructure plan and ways to use public-private partnerships to expand economic inclusion, the agency said in a statement. U.S ... to outcompete China, Treasury said ... Our Standards. The Thomson Reuters Trust Principles .......
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'Vintage Defiance' brand name discussed

The Crescent News 21 Apr 2021
Sanford-Speiser envisions a partnership between the public and private sectors to help promote the initiative and bring more visitors to Defiance ... "There's the private sector that's comprised of many nonprofits with proven track records, long histories and very strong volunteer basis....
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Bharat Biotech's Covaxin shows 78% efficacy in phase-3 interim analysis

Live Mint 21 Apr 2021
... publication ... Covaxin was developed with seed strains received from the National Institute of Virology (NIV), and the phase 3 clinical trial was co-funded by the Indian Council of Medical Research (ICMR), making it a true public-private partnership towards public health....
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