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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Ogun receives 3-in-1 airport proposal from US-based consortium

Business Day Online 08 May 2021
Okubadejo noted that the proposal had the hallmark of a Public Private Partnership project, but more information on financing, duration and execution of the project was needed ... air traffic studies to the Director-General of the Public Private Partnership Office, Dapo Oduwole....
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Should lakefront property owners have to grant public waterfront access for erosion-control loans?

Cleveland 08 May 2021
So, should erosion control or lake access be the primary goal of a lakefront district, or can they build off each other? Is this lakefront district a wise long-term model, setting the stage for more public-private partnerships to create lake access or near-lake access for public ......
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Ghana and United States launch food security strategy

Ghana News Agency 08 May 2021
The first activity is expected to attract $261 million in private sector financing to boost Ghanaian agribusiness ... Led by USAID and driven by collaborative partnership across public and private sectors, including 11 US Government agencies, Feed the Future addresses the root causes of poverty and hunger....
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Govt arranging funds to speedily develop Karachi, Murad tells PA

The News International 08 May 2021
Sindh Chief Minister Syed Murad Ali Shah has said that apart from providing maximum resources from the provincial kitty, additional funding from public-private partnership arrangements and international lending agencies is being arranged to develop Karachi at a faster pace....
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‘Realising Nigeria’s informal economy’s potential hangs on credit access, reduced financial inclusion gender gap’

Business Day Online 08 May 2021
Public-private partnerships have been highlighted by international organizations like the United Nations as a crucial pathway to development ... How can the private sector partner more with the public sector to fill this gap? ... Ideally, private-public social interventions are a way to ......
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‘Greece 2.0’ attracts investors

Ekathimerini 08 May 2021
Besides the private investments to be financed, there is also the prospect of participation in public-private partnerships (PPPs), and procurements by private companies ... It wants a strong private sector involvement in the plan’s realization, which is where we can be very useful; after all, this is what we have been doing in Greece for years....
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Nestle updates commitment to net zero emissions

Manila Standard Today 08 May 2021
Nestlé Philippines senior vice president and head of corporate affairs and sustainability Arlene Tan-Bantoto stressed the importance of partnerships with the public and the private sectors in making the company’s ground-breaking environmental initiatives possible....
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India-EU Leaders' Summit: Collaboration to create sustainable connectivity

Live Mint 08 May 2021
“In the energy sector, work will focus on the implementation of the EU – India Clean Energy and Climate Partnership, with regulatory support complementing public and private activities on floating solar, offshore wind and energy storage, amongst others," the EU statement said....
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Kenya says Chinese-built port in Lamu to receive first ship soon

People Daily 08 May 2021
... berths, started in 2015, while subsequent phases will be undertaken by the private sector under a public-private partnership framework and eventually result in 23 berths along its 10 km shore length....
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Breck School Board hears Infinity Center idea

Wahpeton Daily News 08 May 2021
“There’s money raised … If there’s a way we could do a public-private situation, and merge these ... He said he believes it can happen if they market it right and achieve a public-private partnership between the school district, city, county and Infinity Center community group....
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The Public Pulse: The Omaha city election draws near, and Pulse writers have their say

Omaha World-Herald 08 May 2021
Yet his opponent, Sarah Johnson, is offering to be a full-time public servant and she champions two very noble points ... Melton has regularly stated that she believes people should wear masks in public places ... All this foolishness is enough to give the “public-private partnership” idea Omaha loves so much a bad name....
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Fire chief, locals remember ruptured gas main experiences

Santa Monica Daily Press 08 May 2021
A 16” inch gas main spewing methane and other natural gases in Santa Monica has been sealed thanks to the teamwork of local residents and public and private agencies who united in an effort to avoid a catastrophe ... “It was all a partnership; whether it was a public agency or a private agency, everyone was kind of pulling the same direction....
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OCTC receives training grant for equipment and scholarships

Messenger-Inquirer 08 May 2021
Owensboro Community & Technical College is the recipient of a training grant from the Southeastern Construction Owners and Associates Roundtable, which has allowed the school to also give out two $500 scholarships to students ... This scholarship and grant program is a public/private partnership between the construction industry and the SCOAR ... ....
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