public-private partnership

• public private partnership, public/private partnership

public-private partnership (plural public-private partnerships)

1. (politics, government, business) An 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.
   • 1955 Aug, Jack Steele, “Hell Breaks Loose Over Hell's Canyon”, in Florence Times, Alabama, USA, retrieved 15 October 2012, page 6:

     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.

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

     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.

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

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

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

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

• P3, P³, PPP, public private partnership

• “public private partnership”, in OneLook Dictionary Search.