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Inspiration Card
Financing Options |
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F14 Institutionalised PPPs
Implies the establishment of an entity held jointly by the public partner and the private partner. The joint entity thus has the responsibility of ensuring the delivery of work or service for the benefit of the public. The establishment of an institutionalised PPP can be done either through an entity where public and private sectors jointly participate or through private sector buying and owning shares in an existing public company.
Friends of the High Line was originally founded by citizens, but through corporation and investments of private and public partners, it has been able to construct, maintain and exploit the high line, an elevated linear park in the west of Manhattan, New York. Friends of the High Line has raised more than $150 million in public and private funds toward the construction of the first two sections of the park. The organisation raises over 90 percent of the High Line's annual operating budget from private donations. Friends of the High Line New York.