P3s are a wonderful idea. Politicians can get bought off now, and the public pays later.
“P3s are a wonderful idea. Politicians can get bought off now, and the public pays later.”
That’s pretty much DEAD-ON. They sign contracts which are either 49 years, 75 years, or even 99 years. And yet there is absolutely NO NEED for that type of time frame (maybe 10 years to recover the investment (if that), and then 5 years at a time for operations).
Maybe our Great Grandchildren can come up with something better after they expire, but until then everyone in between (meaning us, our children, and usually are grandchildren) are absolutely STUCK with the terms, which are generally horrific.