public-private partnership

Definitions

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.

Equivalents

Examples

“Secretary of the Interior Douglas McKay, who will lead⟳ the administration's side of the fight⟳, has long argued that power resources should be developed through a public-private partnership, with private enterprise being given projects that it is willing and able to build⟳.”

“In 1955, Congress passed the Presidential Libraries Act, which created a public-private partnership: an ex-President would raise⟳ money to build⟳ his library, but Washington would pick⟳ up most of the tab for maintaining the documents housed there.”

“Just outside the nation's capital, a $1.9 billion public-private partnership will finance new high-occupancy toll lanes around Washington.”

“Chiarelli defended the government’s decision to use⟳ a public-private partnership to build⟳, design⟳, finance, maintain⟳ and operate⟳ the LRTs [light-rail transports].”

CEFR level