I will.
As a general proposition, I would say, speaking to government, that if you can't manage a project yourself, you're probably not going to be successful at managing a P3 arrangement either. One point made, which I think is really important, is that a number of the arguments that are advanced for P3s identify really dumb ways governments go about running long-term infrastructure projects. Maybe I'll be generous and say that it's an open question as to whether government is capable of doing a better job of this or not.
As an example, managing over a life cycle, making provisions for life-cycle maintenance of a project that you built—those are the kinds of things that anybody, any home owner or anybody who has responsibility for an asset, automatically does.
Governments have a tendency to panic cyclically when it comes to their budgets. The first thing to go when the economy turns down is infrastructure spending; the second thing to go is maintenance. It's simply a matter of pushing those costs out into the future.
I guess I'm enough of an optimist about the ability of the public sector to fix itself to say that I don't think we should necessarily be prepared to pay the kind financial penalty that we end up paying simply because, as a public sector, we're not able to manage these large infrastructure assets sensibly.