Only thing worse is government doing things itself, that what you guarentee losing way more money. Optimally, government would fuck off completely.
For example, a hydro damn, only way to do it is a PPP with guaranteed contracts, deadlines and penalties. Otherwise cost plus is an invitation to spend 10x more than the original budget.
Obviously, the merit of the PPP project, the parties involved, and the honesty of the government make a massive difference.
Only thing worse is government doing things itself, that what you guarentee losing way more money. Optimally, government would fuck off completely.
For example, a hydro damn, only way to do it is a PPP with guaranteed contracts, deadlines and penalties. Otherwise cost plus is an invitation to spend 10x more than the original budget.
Obviously, the merit of the PPP project, the parties involved, and the honesty of the government make a massive difference.