25Nov
What is a Public-Private Partnership? (And why we should think broadly about it)
Ask ten people in the industry to define a public-private partnership (P3), and you’ll probably get twice as many definitions. The World Bank’s PPP Knowledge Lab defines a P3 as "a long-term contract between a private party and a government entity, for providing a public asset or service, in which the private party bears significant risk and management responsibility, and remuneration is linked to performance."...
By:
Bilzin Sumberg
Source Url: https://www.jdsupra.com/legalnews/what-is-a-public-private-partnership-29057/
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