Rudi Havenstein says:
August 28 2015 at 8:12 pm
I’ll ask the question again because clear answers are still coming on one of the most basic principles of how PQE is meant to function. If a local or regional government wants some money for an infrastructure project that is deemed desirable, it can presumably go to this National Infrastructure Body for some money. Will the money it gets be a loan or a grant?
Richard Murphy says:
August 29 2015 at 7:46 am
It will administer a project whose owner will be the NIB
Think of it like a lease
Or, dammit, PFI
So hard to imagine?
So who is taking the equity risk? The risk that the project will be badly done, late, over spec or any other of the myriad things that can go wrong with a project?
What we’ve got here is an LA gets to get free money from the NIB in order to build something. A bureaucracy building something without financial constraints just isn’t going to deliver value for money, is it?