I. PPP /ˌpiː piː ˈpiː/ BrE AmE noun [uncountable]
(public-private partnership) a system of providing money for transport systems, hospitals, schools etc where the government pays some money and private ↑ investor s provide the rest of it
II. ˌPublic ˌPrivate ˈPartnership BrE AmE abbreviation , PPP noun [uncountable and countable]
an arrangement in which the UK government works together with a private company in order to improve a ↑ public service such as a railway system, road, prison, school, or hospital. The government believes that private companies can manage or build some of these things better than public organizations, but some people do not think that private companies should manage certain things such as prisons.
⇨ ↑ Private Finance Initiative