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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Readout of White House Roundtable on Increasing Tribal Access to Capital

The White House 02 Mar 2024
Secretary Haaland emphasized the importance of both public-private partnerships and interagency collaboration in expanding capital access, driving long-term economic growth, and robustly supporting Tribal sovereignty and self-determination ... of two public-private partnerships....
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Politburo wants full steam ahead for rail routes, metros in big cities

Vietnam News 02 Mar 2024
The Politburo wants policies and laws urgently reviewed, amended and promulgated for developing infrastructure associated with modern industry by 2030, especially for public investment, planning, public-private partnerships, the Government budget, and the development of digital infrastructure, the economy and a digital society....
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Ethics commission pushes back on proposed law changes

Decatur Daily 02 Mar 2024
Matt Simpson, R-Daphne, said he’s not giving up on efforts to clarify laws that affect public officials, state and local government employees and their families ... “As faculty members, we are required more and more to go out and do public-private partnerships, which means a massive amount of fundraising from the public and public-private companies....
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South Africa Buys Tugboats as Efforts Proceed to Improve Port Efficiency

The Maritime Executive 02 Mar 2024
... public and private sector experience.” ... The Board of Directors of Transnet today, March 1, announced that it completed the financial due diligence of ICTSI, which was designated as the preferred bidder in July 2023 in a new public-private partnership for the Port of Durban....
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Development of portion of Route 30A in town of Johnstown to be studied

The Daily Gazette 02 Mar 2024
The Fast NY program is critical to the success of New York’s economy and our ability to attract private sector investment,” said Ryan M ... “Investments in infrastructure create good paying construction jobs that helps facilitate public private partnerships....
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The price of Africa’s digital dependence on China

Asiatimes 02 Mar 2024
Infrastructure investments depend on foreign finance, including concessional loans, commercial credits, or public-private partnerships ... Private investors avoid sparsely populated areas because it doesn’t pay them to deliver a service there ... Research partnerships and training opportunities expose a growing number of students to Chinese technology....
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Jacob Zuma’s latest statements are ‘a form of populism’

Independent online (SA) 02 Mar 2024
Prof Dirk Kotzé. The uMkhonto we Sizwe Party (MK) and former president Jacob Zuma’s latest pronouncements have taken many people aback ... Ramaphosa’s private-public partnerships is, in his mind, pure heresy and not the “real” ANC ... While many South Africans might privately support the view, in public no party has made such pronouncements in recent times....
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Cost of Purple line increases yet again, completion pushed back

Wtop 02 Mar 2024
29, 2024. Photo by Josh Kurtz ... 29, 2024 ... The line is being built under a Public-Private Partnership or P3 agreement ... The state pays the private company and when the term is over, the entire project reverts to state ownership ... Seven months ago, the Board of Public Works approved an additional $148 million in payments to Purple Line Transit Partners ... Gov....
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North Port leaders to discuss future of historic buildings at Warm Mineral Springs Park

Herald-Tribune Sarasota 02 Mar 2024
28, 2022 ... The commission will also discuss more options for the 61.4-acres of parkland surrounding attraction since the city and Warm Mineral Springs Development Group recently ended plans for a public-private partnership. As part of that partnership, WMS Development Group would have renovated the three structures and operated the springs....
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Ashland takes initial step in designing downtown conference center

The Daily Independent - Ashland 02 Mar 2024
In December 2023, The Daily Independent reported Beshear included $20 million specifically for the project in his proposed budget, which emphasized public-private partnership projects in Ashland ... nab two national events, 18 state/regional events and 14 public/consumer shows....
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Lawmakers tie child tax credit expansion to allowing more kids in unlicensed home day cares

Provo Daily Herald 02 Mar 2024
The Utah Legislature signed off on a bill that provides a $2.3 million tax break for some Utah parents — while upping the number of kids allowed in unlicensed in-home day cares ... It would create a framework for a public-private partnerships, in which employers could sponsor facilities for their employees, but only up to 60% of the child care spots ... ....
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Innsena Appoints Britteny Matero to Partner and Senior Vice President

Hastings Tribune 01 Mar 2024
As partner and senior vice president, Matero assumes leadership of the Innsena market access practice, which supports health tech companies, public-private partnerships, nonprofit organizations, states and other governmental entities to deploy programs making a meaningful impact in healthcare....
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