public private partnership

Also found in: Acronyms.

public private partnership (PPP)

arrangements by the government to secure private equity funding for government projects such as schools and hospitals. The relevant Secretary of State may usually form or participate in companies. Typically, he or she may invest in the companies (whether by acquiring assets, securities or rights or otherwise), or provide loans and guarantees and make other kinds of financial provision to or in respect of them.
Collins Dictionary of Law © W.J. Stewart, 2006
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The other project approved to run under the public private partnership mode is Karachi Marble City consisting on 300 acres of land near Northern by Pass.
He informed that the production capacity to be increased to 3 million tons by finding a strategic partner and running the mill on public private partnership that would turn it into a profit making entity for the country.
Similarly, Enhancing Public Private Partnership Investments in Punjab project will augment the financial resources for Project Development Facility (PDF) and Viability Gap Fund (VGF), and enhance the existing public-private partnership (PPP) framework in Punjab.
'I am confident that the coming years will witness a huge surge in public private partnerships, especially against the backdrop of successful and beneficial outcomes for both public and private sectors,' he said.
Internal and external capacities were examined as critical success factors for the implementation of public private partnerships. Osei-Kyei and Chan (2015) find that risk allocation and sharing, strong private consortium, political support, community/public support and transparent procurement are the key critical success factors examined and explored in the extant publications on PPPs.
Economic growth can be slow without public private partnerships. Involvement of private sector will bring more benefits for development of infrastructure, improvement of quality of public assets management and will ensure transparency for public procurements, she added.ADB works together with the Government of Kyrgyzstan on promotion of public private partnerships, she said.
European Union and other countries of the world widely apply the principle of financing the public private partnership in different fields.
Speaking after inaugurating a power, energy and telecom summit in Mumbai, the President said the success of public private partnerships, in creating critical infrastructure should also be explored for an energy revolution that will ensure energy security.
Public Private Partnership project means a project based on a contract or concession agreement, between a government or statutory entity on the one side and a private sector company on the other side, for delivering an infrastructure service on payment of user charges.
Fans of public private partnerships say they mean councils can build new schools without having to stump up the cost all at once.
QUETTA:Lawmakers, officials concerned reviewed different aspects of Public Private Partnership Bill in a meeting of Balochistan Assembly Standing Committee for Planning and Development chaired by Chairman Haji Islam Baloch on Friday.
QUETTA: The Standing Committee for Planning and Development PandD's session chaired by Chairman Hajid Islam was held on Friday to review Public Private Partnership Program that is essential for provincial development.brAdvisor for Chief Minister on Finance Dr.

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