What is Public-Private Partnership (PPP)

Cooperative agreements for public and private sector organizations to work together to achieve a common goal.

A co-operation between government and social capital is a public infrastructure project operation mode. Under this model, private enterprises, private capital and the government are encouraged to participate in the construction of public infrastructure. Broadly speaking, PPP refers to the participation of non-public sector resources in the provision of public products and services in the process of co-operation between the government and the private sector, which generates more beneficial results to partners than expected individual actions.

A (usually long-term) cooperative arrangement between two or more public and private sectors/companies to carry out a project, a set of projects.

A cooperation between government bodies, scientific organizations, business structures, and scientific and business associations in order to obtain a positive economic, social and environmental effect, acting within the framework of established common rules.

A form of long term contracting between the public sector and the private sector that is thought to be underpinned by a collaborative relationship and high levels of interorganizational trust.

A government service or private business venture which is funded and operated through a partnership of government and one or more private sector companies.