The Guardian reports that (New Labour oriented) think-tank, the Institute for Public Policy Research has found that the Private Finance Initiative (the model for Australian Public-Private Partnerships) is ” failing schools and hospitals”. The IPPR found better results with respect to roads and prisons. PPPs need to be assessed on a case-by-case basis, but as long as they are promoted on the spurious basis that they can finance projects that governments could otherwise not afford, they will mostly be bad deals. I’ve written on this at length here (big PDF file)