Anyone can finish a project on time and to budget if there is 65% profit in it (compared with the more typical 3% across non-pfi building projects). When ministers leave their jobs and go straight into working for the companies that profit from these deals, you have to assume there will be corruption. The PFI scam will run and run. The worst part is that most of the companies involved don't even pay their way in tax - they're all based offshore in tax havens. We got screwed.
PPPs, not a SCAM when what a Govt is simply confronted with no money to pay for a project AT ONCE or is so debt ridden it cannot borrow. But a country can't operate without infrastructure and its infrastructure that can grow a country out of its debt so the PPP will allow them to pay for the service over time. In many cases, its PPP or no infrastructure. We need to plan them better and not sell our souls to the private party for corrupt reasons. That's not a PPP problem that's a values problem
Been reading on PPPs and this is just one side of the matter. Why not include the projects are completed on time. Where Govt is saving on operations and maintenance. Where innovation is brought in that improves customer service etc. So the question is when you weight the positives against the negatives....is it worth it. ?
@jayceejm, you imply that innovation is better in the private sector than in the public sector. You may be forgetting the infrastructure you just used to post your comment. The internet was created by the public sector and the cabling you used to access Youtube was likely paid for by the Government. You also mention the Government saving on operations and maintenance. I fail to see how this is true, when Telecom was sold it produced, in profit, over double the amount it was sold for in 7 years.
@joundill If we are ever going to get further we have to stop thinking in such black and white. No one is staying Govt does nothing right. No one is saying Private Sector always gets it right. Think context is all I am saying. When a govt has NO money as many developing countries are mired in debt PPPs are a viable alternative IF done properly. Use your example - Govt infra enables access to YOUTube and private sector innovation gave us YOUTUBE. That why its called a PARTNERSHIP!!! Yes??
@joundill Your comments make me sick. You are a snivelling, slimy, dependant embarrassment. The government does not promote, rather it fears efficiency and creativity. Look at anything, ANYTHING that is provided by both gov't and private sector and see that the private sector consistently out delivers gov't at a lower cost and higher value. I'm embarrassed to share this earth with overgrown babies such as you.
Anyone can finish a project on time and to budget if there is 65% profit in it (compared with the more typical 3% across non-pfi building projects). When ministers leave their jobs and go straight into working for the companies that profit from these deals, you have to assume there will be corruption. The PFI scam will run and run. The worst part is that most of the companies involved don't even pay their way in tax - they're all based offshore in tax havens. We got screwed.
nowthatsinteresting1 8 months ago
PPPs, not a SCAM when what a Govt is simply confronted with no money to pay for a project AT ONCE or is so debt ridden it cannot borrow. But a country can't operate without infrastructure and its infrastructure that can grow a country out of its debt so the PPP will allow them to pay for the service over time. In many cases, its PPP or no infrastructure. We need to plan them better and not sell our souls to the private party for corrupt reasons. That's not a PPP problem that's a values problem
jayceejm 1 year ago
Been reading on PPPs and this is just one side of the matter. Why not include the projects are completed on time. Where Govt is saving on operations and maintenance. Where innovation is brought in that improves customer service etc. So the question is when you weight the positives against the negatives....is it worth it. ?
jayceejm 1 year ago
@jayceejm, you imply that innovation is better in the private sector than in the public sector. You may be forgetting the infrastructure you just used to post your comment. The internet was created by the public sector and the cabling you used to access Youtube was likely paid for by the Government. You also mention the Government saving on operations and maintenance. I fail to see how this is true, when Telecom was sold it produced, in profit, over double the amount it was sold for in 7 years.
joundill 11 months ago
@joundill If we are ever going to get further we have to stop thinking in such black and white. No one is staying Govt does nothing right. No one is saying Private Sector always gets it right. Think context is all I am saying. When a govt has NO money as many developing countries are mired in debt PPPs are a viable alternative IF done properly. Use your example - Govt infra enables access to YOUTube and private sector innovation gave us YOUTUBE. That why its called a PARTNERSHIP!!! Yes??
jayceejm 11 months ago
@joundill Your comments make me sick. You are a snivelling, slimy, dependant embarrassment. The government does not promote, rather it fears efficiency and creativity. Look at anything, ANYTHING that is provided by both gov't and private sector and see that the private sector consistently out delivers gov't at a lower cost and higher value. I'm embarrassed to share this earth with overgrown babies such as you.
alexander80008 9 months ago