Its worst of both worlds tbh. You have the usual private corp management structure and siphoning of profits (not to the state shareholder, but to everythign els

Its worst of both worlds tbh. You have the usual private corp management structure and siphoning of profits (not to the state shareholder, but to everythign else from consulting firms to "favorite" contractors) instead of longer term infrastructure investments being done. And you have the slowness of change, regulations/processes and non-hungry employees working for a public entity.