noun
joint public-private venture; semi-public sector
Abbreviation of 第三セクター. Refers to a business entity or project jointly financed and operated by government and private companies. Common in economic and policy discussions.
See also: 第三セクター
この地域の再開発は三セク方式で進められている。
The redevelopment of this area is being carried out through a joint public-private venture.
三セクの経営が悪化し、自治体の財政
The semi-public sector's management has deteriorated, putting pressure on the local government's finances.