[ pˈʌblɪk pɹˈa͡ɪvət pˈɑːtnəʃˌɪp], [ pˈʌblɪk pɹˈaɪvət pˈɑːtnəʃˌɪp], [ p_ˈʌ_b_l_ɪ_k p_ɹ_ˈaɪ_v_ə_t p_ˈɑː_t_n_ə_ʃ_ˌɪ_p]
Related words: private public partnership meaning, public private partnership definition, public private partnership vs. collaboration, public private partnership in nigeria, what is a public-private partnership, what is a public private partnership
How to use "Public private partnership" in context?
Public private partnership (PPP) is a type of public-private partnership in which the private sector co-funds and contributes to the development of public infrastructure projects, such as railways, bridges, airports, and schools. PPPs have been used to increase investment and provide modern and efficient public services.
Public private partnerships offer a higher return on investment than traditional public infrastructure projects because the private sector is able to secure long-term contracts, providing certainty for investors. PPPs can speed up the construction process and reduce costs, as well as provide better quality and more efficient public services.
Word of the Day
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