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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Public-private deal to build workforce housing downtown

Miami Today 01 Feb 2023
The Miami Parking Authority (MPA) has joined another public-private partnership (P3) designed to improve one of its downtown garages and bring much needed workforce housing units to the City of Miami ... This isn’t the first public-private partnership involving the parking authority....
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Divestment divorce: DBJ and MOAF part ways on assets disposal

Jamaica Observer 01 Feb 2023
... tourism and agro-processing sectors through modalities that include divestments through asset sales and leases and public-private partnerships. The DBJ is the Government's central implementing agency for the country's Public-Private Partnerships and Privatisation (P4) programme....
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Cairn Homes secures €131m from sale of Greystones apartments

The Irish Times 01 Feb 2023
The development showcases public, private, voluntary partnership, resulting in the creation of a mixed-tenure community, which has enabled Tuath to provide much-needed homes at permanently affordable rents to individuals and families unable to afford to buy or rent in the private market.”....
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HCMC proposes six BOT road projects worth VND100 trillion

The Saigon Times 01 Feb 2023
Under the Law on Public-Private-Partnership Investment, the BOT format is only used for building new roads, the local media reported ... The HCMC Department of Transport has proposed the Ministry of Transport allow the city to mobilize funds from the private sector to implement road upgrade and expansion projects under the BOT format ... ....
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Budget 2023: FM Sitharaman announces plans to set up digital public infrastructure for agriculture

Indian Express 01 Feb 2023
Finance Minister Nirmala Sitharaman Wednesday announced plans to set up a digital public infrastructure for agriculture as an \u201copen source, open standard, and interoperable public good\u201d ... \u201cTo enhance the productivity of extra-long staple cotton, we will adopt a cluster-based and value chain approach through public-private partnerships....
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Budget 2023: Cotton textile stocks rally on govt's focus to enhance cotton crop productivity

The Times of India 01 Feb 2023
"The government will focus on enhancing cotton crop productivity by adopting a cluster-based approach with a public-private partnership model and enhanced use of ......
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Budget 2023: Extra-long staple cotton gets extra attention

Business Line 01 Feb 2023
“We will adopt a cluster-based and value chain approach through ......
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Budget 2023: ‘Capital outlay increased steeply…,’ says FM as Infra capex hiked by 33 per cent to Rs 10 lakh; Here’s how industry experts react

Financial Express 01 Feb 2023
The industry also awaits more opportunities for private investment in infrastructure ... However, the focus and initiative to spur private investment in infrastructure still waits to be seen – there is a need for innovative models and true-blue public-private partnerships to be revived and brought into play....
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Hotel stocks surge upto 8% as FM announces tourism promotion push

IIFL Securities 01 Feb 2023
Finance Minister Nirmala Sitharaman announces a mission-mode approach for tourism promotion through state participation, government program convergence, and public-private partnerships in her budget 2023-24 presentation ... For feedback and suggestions, write to us at editorial@iifl.com. ....
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Port of Galveston director gets $30,000 bump in salary

The Galveston Daily News 01 Feb 2023
He's credited for navigating the port through an pandemic-induced cruise industry shutdown and overseeing negotiations of a $125 million third island cruise terminal, which opened late last year and is a public-private partnership ......
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PSAC, government launch GoDigital Pilipinas (GDP) movement

Sun Star 01 Feb 2023
Working together, the public and private sectors will ensure that every Filipino has the tools and skills to thrive in our ... It draws on the success of public and private sector digital upskilling initiatives, including UnionBank’s partnership with Tahanang Walang Hagdanan Inc....
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Union Budget 2023-2024: Priority 1: Inclusive Development

IIFL Securities 01 Feb 2023
Enhancing productivity of cotton cropAdopt a cluster-based and value chain approach through Public Private Partnerships (PPP) to enhance the productivity of extra-long staple cotton. This will mean collaboration between farmers, state and industry for input supplies, extension services, and market linkages....

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