public-private partnership
( plural )
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(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.
public-private partnership
The city council approved building a new hospital through a public-private partnership, allowing private firms to fund and operate the facility in return for a portion of the revenue it generates.
The city council approved building a new hospital through a public-private partnership, allowing private firms to fund and operate the facility in return for a portion of the revenue it generates.
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