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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The Philippines and Israel: a history of agricultural exchange and cooperation

Manila Bulletin 26 Sep 2022
Public private partnerships ... He cited the 1Bataan Agri Inno-Tech Center (1Bataan AITC), a public private partnership between the province of Bataan and an Israeli agriculture company ... and customs, as well as make the most of linkages between both public and private organizations....
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Health Workforce: Bridging the skill and capacity gap

Financial Express 26 Sep 2022
Also Read ... A report by the WHO and Public Health Foundation of India highlights the wide variations in India’s skill mix ratio, with more than five allied personnel per allopathic doctor in Himachal Pradesh to one-tenth allied workers per doctor in Bihar ... A public-private partnership and ecosystem approach can help in recruiting and upskilling AHPs ... ....
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Sciontec reveals plans for £2m investment in Sensor City as part of ownership switch

The Business Desk 26 Sep 2022
Sciontec is a public-private partnership supporting the growth of Liverpool’s science and technology sector within the city’s £2bn Knowledge Quarter ... Although closed to the public, the building has played an important role as a vaccination centre for students and as part of a European Research programme ... Related Articles ... Previous Article....
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Navi Mumbai international airport will be operational in 2024: Devendra Fadnavis | Mint

Live Mint 26 Sep 2022
The new airport was proposed in 1997 and received the government's approval in 2007 ... TRENDING STORIESSee All ... The Navi Mumbai Airport project will be carried out on a public-private partnership model and the City and Industrial and Development Corporation (Cidco), which is the project implementation agency, will incur pre-development work costs....
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Indian health solutions provider bags award in United States

Beijing News 25 Sep 2022
The annual P3 Impact Award recognizes exemplary cross-sector collaborations that feature public, private, nonprofit, or non-governmental organizations addressing societal challenges, the release stated. SAMRIDH Blended Finance Facility is the eighth public-private partnership (P3) to win the annual award....
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Pangilinan seeks stronger PPPs

The Manila Times 25 Sep 2022
BUSINESSMAN Manuel Pangilinan said his group of companies will strengthen public-private partnerships (PPP) to help push economic progress in the new normal ... "At this time that the consumer wallet is challenged, investments are needed — investments by the government and investments by the private sector....
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Yoga to be compulsory for school students in Uttar PradeshUP Sports Development and Promotion Committee ...

Deccan Herald 25 Sep 2022
Additional chief secretary (sports) Navneet Sehgal said, "The aim of the policy is to increase participation of young children by identifying talent in the age group of 5 to 14 years and strengthening of the sports ecosystem through public private partnership, public association partnership and public federation partnership."....
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Saudi banking sector’s assets to reach $1.2tn by 2030, minister says

Arab News 25 Sep 2022
He praised the results achieved by the Financial Sector Development Program, the Financial Sustainability Program and the National Center for Privatization Program ... Speaking of the privatization program, Al-Jadaan explained it contributed to strengthening the partnership between the public and private sectors....
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AI and Sustainability: Will AI Help or Perpetuate the Climate Crisis?

Technology Org 25 Sep 2022
They considered the emissions incurred from running large machine learning models alongside the potential benefits society gains from those same models and discussed efficiency of chip manufacturing, data transparency, the need for public-private partnerships, and more....
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Lack of standardisation of fees, quota are some reasons behind exodus of medical students: Report

Beijing News 25 Sep 2022
... in India"Atul Thakkar, director for investment banking, Anand Rathi Advisors, claimed in the report that a robust public-private partnership (PPP) model could present an effective solution and that it would improve the scenario and contribute towards India's growing soft power....
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Saudi Arabia focuses on AI-driven economy, considers data the new oil: SDAIA

Arab News 25 Sep 2022
During the event, SDAIA President Abdullah bin Sharaf Al-Ghamdi announced that the Kingdom is joining the World Bank’s Digital Development Partnership ... The partnership will bring together the public and the private sector and accelerate safe and inclusive digital transformation in developing countries,” said Al-Ghamdi ... Public sector cloud....
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Tycoons reaffirm support for Marcos admin, back PPP

The Philippine Star 25 Sep 2022
The country’s top tycoons have reaffirmed their support for the Marcos administration as the government’s economic managers assured the business community of their renewed commitment to public-private partnerships .......
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Mandatory CSR spending the right push for meeting welfare goals: Tarun Bajaj | Mint

Live Mint 25 Sep 2022
New Delhi. The mandatory 2% corporate social responsibility (CSR) spending by companies is certainly a right push for the nation towards achieving sustainable development goals (SDGs) and public private partnerships in transforming India, said revenue secretary Tarun Bajaj, who also holds the charge of secretary in the ministry of corporate affairs....

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