3 ms·
Totally successful for private profits in general. Less so for the public, which wants a given infrastructure without having to pay out the investors (which are
by fock 8y ago
Totally successful for private profits in general. Less so for the public, which wants a given infrastructure without having to pay out the investors (which are investing into a private venture and thus of course are entitled a higher reward than loaning to the public...).
Just look at the German "Toll Collect" system. 5 years late. 10 years later, couldn't be delivered to the public (breach of contract...), because of "patents", while the private parts still happily collected their royalities. State had to meet in arbitration (WTF, it's tax money spent/collected here). Currently owned by the public, waiting the next successful PPP.
Or look at the Genova-bridge-disaster. Basically most of the times PPP seems like the worst of both "worlds" combined, wielding an enormous shield of public bureaucracy which keeps all the private elements save from any public scrutiny reaping their maximized profits...
Or look at healthcare in the US, ...
Or ...
Or how Julius Berger built Abuja, while Lagos is suffocating.
Or ...
Just name one PPP project, which stayed in its cost envelope (isn't that the argument: public always is inefficient...) and was delivered to the public after the contract ended.