In Japan, third-sector railways (第三セクター鉄道, dai-san sekutā tetsudō), sometimes translated as semi-public sector railways, are railways operated by a joint corporation that has been invested in by both the public and private sectors, which maintain a public–private partnership. These lines are most often operated by small companies owned by both a prefectural or municipal government and smaller private interests, who both invest in and manage the line.
In Japan, third-sector railways (第三セクター鉄道, dai-san sekutā tetsudō), sometimes translated as semi-public sector railways, are railways operated by a joint corporation that has been invested in by both the public and private sectors, which maintain a public–private partnership. These lines are most often operated by small companies owned by both a prefectural or municipal government and smaller private interests, who both invest in and manage the line.
Source: Wikipedia "Third-sector railway" · CC BY-SA 4.0
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