Public-Private Partnerships
- Public-Private Partnerships
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Usually a medium- to long-term relationship between the public and the private sectors, varying in scope, legal structure and purpose, but involving the use of resources (either financial, expertise or physical) from the private sector in the running of public sector of government-owned entities. Where the partnerships extend to private entities owning part of a public entity, the relationship is also known as Public-Private Ownership (
PPO). The main reasons for PPPs include realizing cost savings or other efficiencies, accessing specialist skills, sharing risks or tapping into private sources of capital.
Financial and business terms.
2012.
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