From the department of "what could possibly go wrong?"
Private equity to assist in nuclear shutdown.
Just to make this clear to any passing environmentalists; I don't actually believe that nuclear power stations are particularly dangerous to human health. However, the reason why they're not dangerous to human health is that huge amounts of care and engineering effort are spent on making sure that they won't be (even in Chernobyl, NB, the really nasty stuff didn't get out at all). This makes them very dangerous indeed to the taxpayer's wallet. The record of public-private partnerships in safeguarding the taxpayer's wallet is a) very bad and b) much worse, the longer-dated and more critically important the contract.
Your most famous post ever - avoiding projects pursued by morons - applies. A great deal.
ReplyDeleteSee also "airports built on sandbanks in the Thames Estuary".
ReplyDeleteYes, there's just something about the phrase "built on a sandbank" that makes you think "that doesn't sound very cost-efficient", isn't there?
ReplyDeleteI can't even begin to see how this is a good idea for the taxpayer. I can see how it's a great wheeze for aforesaid private outfit...
ReplyDelete