From Simple English Wikipedia, the free encyclopedia
A
public-private partnership
is a
contract
between the
public sector
, or
government
, and a private
company
. The purpose for such public-private
partnerships
is to provide
public services
, like
education
and
transportation
. This is without changing the private
business
into a government-operated service. One way of doing this is to allow the government to pay the business for providing free services to the public. The business provides the services for free and then charges the government for
compensation
, in which the government agrees. Supporters of public-private partnerships argue that it reduces inefficiency and provides the
free market
with greater flexibility.
[1]
- ↑
Public-Private Partnerships: Managing Risks and Opportunities
, eds. Akintola Akintoye; Matthias Beck; Cliff Hardcastle (Chichester: John Wiley & Sons, 2008), p. xix