Public/Private Partnerships

A P3 is a contractual relationship between a government and a private sector entity, whereby the assets and skills of each partner are shared in delivering a service or product to the public. Because the private sector partner may provide a portion or all of the capital funding for the partnership, a cost recovery model is often implemented to recoup the initial capital investment.

A partnership with the private sector offers the government sector an opportunity to:

  • Improve the quality and delivery of public services
  • Address critical infrastructure needs in ways that meet citizen expectations
  • Effectively deal with ongoing budgetary realities
  • Focus on their core mission

Return to Services