David Cullinane (Waterford, Sinn Fein) | Oireachtas source

The State takes a share of the risk and the private sector shares the risk, but there is not any real risk in many of these projects. That is something on which there should be more of a focus because if there is no risk, these are lucrative projects for the companies involved. I read the Comptroller and Auditor General's report on PPPs and some issues arise from that which I will come to shortly. My understanding of their rationale is that they give value for money and risk is shared but if the spend on the PPPs is in tried and tested areas, there is not much risk-sharing going on.