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All Eyes On Upcoming PPP Conference
national |
rights, freedoms and repression |
news report
Tuesday November 02, 2004 12:44 by Donnacha O Briain - DAPSE
National Conference has been called in apparent attempt to revive the fortunes of Public Private Partnerships Despite recent setbacks to the Public Private Partnership concept - including our Controller General's report on PPP pilot projects - it would appear the state/private sector alliance whichhas been pushing our government to fully embrace PPPs is far from giving up. |
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Jump To Comment: 1There are many reports on PPP/PFI's in past issues of the UK magazine Private Eye. One issue two or three months ago had a large section devoted to the subject and there are small articles every week most of which show how costly and inefficient these financial arrangements are for the people (not the companies who are raking it in).
One of the prime benefits of these schemes for local authorities is to get new infrastructure but without large loans. In fact they turn out to be bigger loans with higher repayments but the capital sum is kept off the balance sheet because the local authority does not get a loan, it "leases" the properties/services back from the contractor at inflated rates.
So, it looks good for the government accountants by whatever fucked up standards they work with but the people end up paying a lot more for the service which is often way below existing standards.
PPP's are robbery.