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Public-Private Partnership (PPP)

Undertaking between government entity(es) and private sector company(es) to deliver public assets and services by sharing risk, financing, infrastructure development, operational tasks and/or revenues.

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Past Versions:

  1. Source: European Parliament

    A public-private partnership (PPP) is a contractual agreement between the public and the private sectors, whereby the private operator commits to provide public services that have traditionally been supplied or financed by public institutions.

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