In U.S., a hot debate on infrastructure privatizing

Source: By James B. Kelleher James B. Kelleher, Reuters,Thu Mar 19, 8:43 pm ET

 

As they struggle to close ballooning budget deficits amid the worst financial crisis since the Great Depression, many U.S. state and local governments will be tempted to follow the example of Chicago.  The third-largest U.S. city has raised billions of dollars in recent years turning public assets over to private businesses that then run them as for-profit enterprises.


...... "The devil is in the details -- as future generations to come will learn," said Pat Andrews, editor of Alltolled.com, a Web site dedicated to preventing more highway privatizations in the state of Indiana, another pioneer of such transactions.


......... Elliot Sclar, a professor at Columbia University in New York, sees the P3s as just the latest product Wall Street bankers have dreamt up to make a buck - and one taxpayers will pay to clean up. ........

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