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Text: Sarah Wallbank Public- Private Partnership 110 guidebook The windmill Windlust and the Speke and Garston Coastal Reserve: Two of the public- private partnership highlights of Artery Introduction What is Public-Private Partnership? In the last two decades the phenomenon of pub- Public-private partnerships are a form of collabo- lic-private partnership has made an entrance into ration between national, regional or local public bod- local and national public authorities across Europe. ies and private companies to meet the needs of the Public-private partnerships are strategic partner- public. The involvement of private businesses in the ships between public and private institutions, working public sector can have many forms and encompass- together for the implementation of public projects. es anything from sponsoring to the management of This identification of the private partner with a public whole services. project generates broad support, and furthers its real- isation with financial and in-kind contributions. In such a joint effort, it is also possible to establish a public- private partnership to operate or maintain a pub lic fa ci- lity. The private and public partners share the risk and responsibility for the successful implemen tation and Benefits of the sustainability of the undertaking. However, work- Public-Private
Published: Jan 1, 2006
Keywords: Private Partnership; Public Project; Fish Pass; Housing Corporation; Private Partner
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