Yes, that is correct. If the project is set up as a P3, the project company that is set up to do that project would typically be financed with both equity and debt finance, and obviously the cost of the debt would be factored into that. However, if you're doing a traditional design build and you go to any contractor, they'd obviously have to finance their operations as well, so at the end of the day somewhere in this equation, in every way in which you use the private sector through traditional methods or PPPs, there is borrowed money to make companies work.
On October 25th, 2012. See this statement in context.