What is a public-private partnership?
Published 12/23/2014 11:53 AM | Updated 12/23/2014 11:53 AMWhat is a public-private partnership?
A “P3” is a situation in which private investor provides financing to build a project, based upon a set of terms and conditions set forth by the public agency (i.e., IDOT or INDOT). In many cases, the project may still require some level of public financing (i.e., State or Federal funds). The terms of and conditions of a P3 agreement can vary.
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