public-private partnership

Definitions

1. 1

   An arrangement by which one or more private firms agrees to fund, create, or operate a…

   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.

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

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