third sector; semi-public sector; public-private joint venture
Refers to an organization or enterprise jointly funded and operated by government and private business, often for regional development or public services. The literal translation 'third sector' is common in English, but the term specifically denotes a mixed public-private entity in Japanese contexts.
The railway is operated as a third-sector (public-private joint venture) enterprise.
The deficit of the third-sector company has become a problem.