In the world of unions, there are two categories of unions. There are unions that work for the public sector and there are unions that work for the private sector.
We manage capital for unions that work for the private sector. These are trade unions that literally work with builders. They're very pro-PPP. They want to build things, and they're happy to invest capital in things. They feel that they understand construction risk. They feel that they understand infrastructure risk—or at least they're comfortable with it. The public sector unions, on the other hand, have been vocal, many of them, without naming names, against PPPs.
I'm a layperson when it comes to unions. From my perspective, it's simple. When government outsources a piece of infrastructure to be built and operated, the operations are really the primary aspect of the objection to PPPs. When government outsources the operations of a public sector asset, those unions may now have to work for the private sector. Generally, public sector unions do not like working for the private sector. They like working for the public sector. Let's not get into why and why not, but that is the general objection.