A Public-Private Partnership (PPP or P3) is a joint venture between a government and a private company to build and or operate a project or service. Generally the private partner provides elements of expertise, funding ability or operational flexibility which might not be available to a purely government project, and assumes a significant share of the financial risks to justify its potential for commercial-level investment returns.
The Deh Cho Bridge project was held out as a PPP, but as the Auditor General's Report of 2011 states, it "was not a public-private partnership", as it did not shift any significant risks to the private sector.
- An Analysis of a Public-Private Sector-Partnership: The Confederation Bridge - Salim J. Loxley, May 1999.
|Public-Private Partnership - entry at Wikipedia.|
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