Yeah he could have explained that more, maybe he's assuming familiarity with other public-private ventures around the world? If I was explaining it I would say

Yeah he could have explained that more, maybe he's assuming familiarity with other public-private ventures around the world? If I was explaining it I would say "a huge equity stake gives you a lot of votes and influence over the company's strategic direction", including what the returns to shareholders should look like. Think of railways in countries where the government has say, a 50% stake.