public-private partnership
Word Rarity
Uncommon
Frequency: Zipf frequency 4.37 in modern English
42
Scrabble Score
24
Letters
7
Syllables
14
Unique Chars
Meaning
noun
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.
Example Sentences
- "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]."
Inflected Forms
public-private partnerships (plural)
PPP (abbreviation)
P3 (abbreviation)
public private partnership (alternative)
public/private partnership (alternative)