public-private partnership
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See also: public/private partnership and public private partnership
English
Alternative forms
Noun
public-private partnership (plural public-private partnerships)
- (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].
Synonyms
Translations
arrangement
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References
- “public private partnership”, in OneLook Dictionary Search.