I think the part that's problematic is that we don't have detailed studies of what the alternative is.
I did a study in 2012 that tried to look into this value-for-money idea. We looked for detailed studies of risks on past projects. This is basically about risk and the cost of transferring versus managing risk. We looked for the detailed studies that were the basis for the assumption that public-private partnerships control them. Those studies have not been done, and the Auditor General just confirmed that in his 2014 report.
It's like buying an insurance policy that you don't know the cost of. You don't know what your real upside risk is if those eventualities occur.