From what ive read, consumers are definitely not the beneficiaries in such arrangements. Why do governments do this then? Why give up ownership and control of vital stuff (e.g. water, utilities, highways, etc.) to private – and often – foreign entities?
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Control doesn’t go to foreign entities.
It’s just financing, which can be good or bad. On one hand the government won’t have to borrow and tax and operate the utility. On the other hand, the private business is going to want to turn a profit. If it’s just a cost saver it’s an iffy prospect. If it’s used to supplement or expand it can make sense in the face of budget constraints.
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