Definition
Partnership. A formal relationship or association between two or more organizations established to pursue business opportunities.
Public-private. A collaboration between a government entity and a private sector company.
Introduction
Public-private partnerships are a formal relationship between a government organization and one or more private sector companies. They are typically formed to pursue a specific objective of interest to the government entity for which the private sector partners present an efficient means of accomplishing that objective and involve a contractual relationship that defines the roles and responsibilities of each partner along with the ownership share. The relationship often takes the form of a single-purpose joint venture, sometimes referred to as a special-purpose vehicle (SPV). The government may provide direct support such as one-time capital contributions or indirect support such as tax subsidies. Ideally, a public-private partnership provides...
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Gail, W. (2014). Public-Private Partnerships. In: Njoku, E.G. (eds) Encyclopedia of Remote Sensing. Encyclopedia of Earth Sciences Series. Springer, New York, NY. https://doi.org/10.1007/978-0-387-36699-9_133
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