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Let's not even get started on the private-public partnerships in Australia. Anyone want to read on a real horror-story have a look at the Sydney airport link.
by cycomanic 5y ago
Let's not even get started on the private-public partnerships in Australia. Anyone want to read on a real horror-story have a look at the Sydney airport link.
TLDR: (from memory so some details might be slightly off) they build a train link to the airport in a public private partnership, but estimated passenger numbers wrong. The private owner of the train stations (essentially the airport and one other one) upped the fares, so nobody would use the train and took taxi's to the airport. So what they did was add fees for taxis at the airport, so they become more expensive. That still wasn't enough, so at the end the government at to bail the private partner out with several hundred million IIRC (and the fares are still ridiculously high for going to the airport).