Hard decisions have to be made about saving money
Difficult questions have to be asked. Fortunately, we have a few of the answers in advance:
- Academic findings from Canada and around the world have long shown privatization through P3s is risky, expensive and undemocratic, as well as lacking in proper oversight and independent, unbiased assessment.
- A recent study found that privatization led to “poor performance, under-investment, disputes over operational costs and price increases, soaring water bills, monitoring difficulties, lack of financial transparency, workforce cuts and poor service quality.”