Re: Comparing with a 'competitive' project
Exactly. If you are looking for a snout and trough tale look no further than PFI in the UK. Example: a school build by a private company, under PFI, but is no longer needed. The taxpayer will have to continue to pay for this empty school for the next 30 years, or buy out the contract. Not for the build cost of the school, but for the projected profit on the contract. Now that is a snout and trough tale.