But really I suspect that one of the issues here is that central government could fund the work with borrowing at a cost far below commercial rates, and that this would be a great example of using borrowing to fund investment where the value would increase faster than the interest would accrue - but small gov/large private sector.
But really I suspect that one of the issues here is that central government could fund the work with borrowing at a cost far below commercial rates, and that this would be a great example of using borrowing to fund investment where the value would increase faster than the interest would accrue - but small gov/large private sector.