PPP

17.07.2013 20:33

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PPP

1) (1) Private pension plan. A private pension scheme arranged by, for example, a self-employed person with (usually) an insurance company. (2) Public private partnerships.

A strategy whereby government initiated projects (mainly large infrastructure developments - eg the forthcoming modernization of the London Underground) are jointly funded by private and public finance. See also PFI.

Source: David Lowe. The Dictionary of Transport and Logistics. Kogan Page, 2002. – P.188 (288 p.)


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