Latest / The Kākā by Bernard Hickey
PPPs are more expensive, slower & riskier than Govt DIY
Long stories shortest: The Government’s international investment conference ignores the facts that PPPs cost twice as much as vanilla debt-funded public infrastructure, often take longer, and often have to be relitigated or bailed out later. The biggest projects pitched also make no economic or fiscal sense for taxpayers. Also, the school lunch scheme continues imploding and long covid is squeezing our labour force.
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The skinny
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