Duration of the performance-based contract will be three and a half years, with a total potential value of $128 million. It provides for additional options of up to 10 years.
https://gcn.com/Articles/2004/08/09/USDA-awards-contract-for...
Sooooo yeah.
We can pay people to build it directly, it's ok. There doesn't need to be an unaccountable greased palm making $100 million in the background through some "public-private partnership".
If the contractor makes a profit we pay more. If instead the government makes a profit, we pay less (see public banking for an example). Kinda funny how that works.
Norway uses one for their pension program (AUM of > $1 trillion, owning over 1.4% of the global stock market, https://en.wikipedia.org/wiki/Government_Pension_Fund_of_Nor...)
My favorite one, however, was created by Ronald Reagan, the United States Mint Commemorative Coin Program:
> Since the modern commemorative coin program began in 1982, the United States Mint has raised more than $506,301,189 in surcharges to help build new museums, maintain national monuments... and much more.
https://www.usmint.gov/news/inside-the-mint/commemorative-co...
Honestly a world where the government has, say a commercial for-profit version of NPR, high speed internet, etc, that coexists with other current offerings and then re-invests that into government programs and needs less tax dollars from me sounds like a great idea. Tax payer money already paid for most of the infrastructure, we might as well profit from it.
There's some odd political animosity to it however, as if asking for a tax-payer owned version of NBC with some entertaining primetime shows is like some kind of slippery slope to autocratic socialism ... it's actually bringing capitalism into the government like never before and allowing them to say, not have to ask me to vote on raising my sales tax to build a train. Instead they ask us how we want to use all those sweet profits.
... it'd be nice ...