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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Shaw announces $600-million transfer to MSMEs

Jamaica Observer 13 May 2021
One of these initiatives is the newly-minted public-private partnership with Sagicor Bank for the establishment of the Sagicor Business Resource Centre to assist local MSMEs,” he explained ... There are 13 business support centres operated by the JBDC across the island, in partnership with various stakeholders, including educational institutions....
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History of PA Turnpike should raise concerns about bridge tolling

Courier Express 13 May 2021
While the public-private partnership, or P3 model, has been utilized in Pennsylvania to conduct more than 500 rapid bridge replacements, many legislators in Harrisburg have expressed serious concern with PennDOT, taking it upon themselves to levy taxes in the form of tolls....
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Ygrene Completes $343 Million Securitization of Pace Assets

The Marshall News Messenger 13 May 2021
Through public-private partnerships, PACE stands out as a trusted source of private capital for spurring local economies, enhancing property values, and helping to meet resiliency and environmental goals while offering a reliable method for lawmakers to grow their tax base at no cost to local government....
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Heritage Ohio Awards accepting nominations

Times Reporter 13 May 2021
Award categories include the Main Street, Rehabilitation, Place and Individual awards ... Rehabilitation awards include Best Commercial Rehabilitation, Best Public Building Rehabilitation, Best Public-Private Partnership, Best Residential Rehabilitation and Best Upper Floor Residential Rehabilitation ... For nomination forms ... ....
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Biden beefs up public-private security cooperation

Computer Weekly 13 May 2021
With the US reeling from another high-profile cyber attack – this time crippling fuel supply across multiple states leading to panic-buying induced petrol shortages – president Joe Biden has signed a new Executive Order to harden America’s cyber defences, with a big emphasis on public-private partnerships and information sharing....
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HCMC backs elevated road project worth VND15.5 trillion

The Saigon Times 13 May 2021
... to meet the economic and population growth, with many roads facing severe traffic congestion, the Transport Department backed the proposal of IDICO to use its own funding to study and suggest investment methods for the project under the public-private partnership format....
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Blockchain-based VXPASS selected to manage and verify digital records for COVID-19 vaccination rollout for Kingdom ...

The Bitcoin News 13 May 2021
... partnership responsible for the rollout of COVID-19 vaccinations across the land-locked African nation of Lesotho, to provide the digital....
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Amdocs to support start-ups in Tomorrow Street accelerator programme backed by Vodafone in Luxembourg

Telecom Paper 13 May 2021
Amdocs has announced a strategic partnership with the "Tomorrow Street" innovation centre, a ......
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Cabinet approves transfer of ITBP land to Uttrakhand for Ropeway System

Sify 13 May 2021
The proposed Ropeway is a mono-cable ropeway of 5,580 meters length under Public Private Partnership (PPP) mode between Purkul Gaon, Dehradun (Lower Terminal Station) and Library, Mussoorie (Upper Terminal Station) ......
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Five localities propose VND135 trillion elevated belt road

The Saigon Times 13 May 2021
4 – Hanoi Capital Area at a construction cost of VND135 trillion ... If approved, Belt Road No ... It is infeasible to source investment for the project entirely from the State budget, so the five localities proposed building the road under the public-private partnership ... ....
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Paducah Bank buys historic tax credits for Columbia Theatre effort

The Paducah Sun 13 May 2021
“We are so grateful for this public/private partnership ... “The use of historic tax credits encourages the adaptive reuse of historic buildings in all contexts and also supports the idea of these types of projects being a key part of a community’s public policies.” ... ....
photo: AP / Ng Han Guan
Residents wearing masks look at their smartphones near an advertisement for 5G smartphones from Chinese tech giant Huawei in Beijing
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Huawei launches job recruitment program for Kenyan graduates

Sina 13 May 2021
Potential employers will advertise vacancies to a pool of highly qualified ICT graduates under the innovative public-private partnership model that is expected to revitalize Kenya's digital economy ... He said Huawei has rallied behind Kenya's digital economy blueprint whose core pillars include e-government and technology driven commerce ... ....
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Harrisburg Regional Chamber will have a new leader for the first time in 2 decades

Penn Live 13 May 2021
The chamber cited the success of a public-private partnership with the Pennsylvania Department of Agriculture that was formed to support the commonwealth’s agricultural economic development efforts as one of the projects that took place during Unger’s time at Team Pennsylvania....
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