PPP

Public-Private Partnerships (PPP) are a way to escape the short-term election-cycle trap. By leveraging public goods to foster private investment, save money, and create new long-term benefits city has an attractive financial model and industry gets a reliable timeframe for investments.
There are examples for e.g. infrastructure trust where private companies can invest and get concessions for 10 or 20 years to operate facilities. In a McKinsey report i read about an example in Washington/US where the mayor Vincent C. Gray initiated an “App for Democracy” to an open community platform developed for submitting non-emergency service requests to the city. The first edition of “App for Democracy” yielded 47 Web, iPhone and Facebook apps in 30 days—a US$ 2,300,000 value to the city at a cost of $50,000.

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