I don't know if our Glad was trying to make a joke or not, but when she said that the private operation of Sydney Ferries was going swimmingly well, I almost choked on my ristretto.
Our population has long outgrown our transport systems, both road and rail. A very large amount of money needs to spent in our big cities to transport residents and visitors around.
In the past, governments would borrow money at very low interest rate to invest in building infrastructure. The cash return on the investment of borrowed money by governments may have been poor, but the return in the form of public benefit was immense. Experimentation with combined public private partnerships has generally been unsatisfactory. It is time to turn the clock back where local and state governments invest money in infrastructure. There is nothing inherently wrong with governments borrowing money to invest in infrastructure. We would have little in the way of train and tram lines if in the past money had not been borrowed to build them.