collocation (noun phrase) · academic
public-private partnership
UK/ˌpʌblɪkˈpraɪvət ˈpɑːtnəʃɪp/US/ˌpʌblɪkˈpraɪvət ˈpɑːrt.nər.ʃɪp/pub·lic-PRI·vate PART·ner·ship
a formal agreement where government and private companies share investment, risk and management to deliver public projects or services.
Examples
“The city built the new tram line through a public-private partnership.”
“A public-private partnership can speed up infrastructure investment.”
“Many governments favour public-private partnerships to reduce upfront costs.”
Band 8 sentence
“The municipality financed the tram extension through a public-private partnership, which allowed the project to proceed without a large increase in local taxes.”
Collocations
- enter into a public-private partnership
- a public-private partnership model
- finance via a public-private partnership
Word family
Common mistakes
public and private partnership→public-private partnership
private-public partnership→public-private partnership
Say it for a higher band
5private investment→6joint venture→7+public-private partnership
Synonyms
public-private collaboration
joint venture
Easily confused
joint venture
“The company formed a joint venture with a local firm to enter the market.”
Related words
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In Transport & Traffic
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